Illustration of the cryptocurrency portfolio of Federal Reserve nominee Kevin Warsh

The Web3 asset data platform RootData has outlined the cryptocurrency portfolio of Federal Reserve nominee Kevin Warsh, covering multiple areas including blockchain infrastructure, on-chain financial protocols, institutional financial services, and application tools. Structurally, Warsh's layout can be divided into four major sectors:

• Underlying Infrastructure: Networks and scaling solutions such as Solana, Optimism, and Lightning Network;
• On-chain Finance: DeFi and trading protocols like Compound, dYdX, and Polymarket;
• Institutional and Financial Services: Asset management, banking, and funding channels such as Polychain, Scalar Capital, Kinetic, and OnJuno;
• Applications and Tools: User entry and development tool projects like Dapper Labs, Crossmint, and Tenderly.

Overall, Warsh's strategy of layering financial protocols on top of infrastructure and focusing on controlling institutional funding channels shows a clear difference from typical crypto-native VC approaches, aligning more closely with traditional financial background investors' concerns about market structure and institutional levels.

It is reported that on April 21, Warsh held a confirmation hearing before the Senate Banking Committee. According to his recent compliance disclosure documents, if he enters the regulatory system in the future (such as leading the Federal Reserve), he will need to dispose of relevant holdings.