Kevin Wash (케빈 워시), nominated as chair of the U.S. Federal Reserve, is shown to hold assets exceeding $100 million across cryptocurrencies, artificial intelligence and private equity. A key administrative step in the confirmation process has been completed, but political variables are still seen as remaining.

On April 14, BeInCrypto, a blockchain media outlet, reported that Wash submitted a 69-page financial disclosure to the U.S. Office of Government Ethics. This effectively completed the procedure for the Senate Banking Committee to set a confirmation hearing schedule.

The largest portion of the disclosure was an investment in the private equity fund Juggernaut Fund LP. Wash reported 2 investments in the fund, each exceeding $50 million. The filing also listed $10.2 million in consulting fees received from the investment office of billionaire investor Stanley Druckenmiller.

Wash also reported holding about 24 investment positions through THSDFS LLC. Some assets were categorized at up to $5 million each, but details were not disclosed under non-disclosure agreements. Foreign media reported that many assets without specified amounts are concentrated in AI and cryptocurrency fields.

Confirmed cryptocurrency investments included Blast, an Ethereum layer-2 network. Wash is also shown to have previously invested in Bitwise Asset Management, which manages a bitcoin spot ETF. As a result, whether conflicts of interest are managed is expected to emerge as a key issue in the confirmation process.

Wash pledged to dispose of his stakes in Juggernaut Fund and THSDFS if confirmed. Heather Jones, an analyst at the U.S. Office of Government Ethics, approved that the plan would meet relevant rules once completed. It was confirmed that the review was cleared on the premise of disposal after confirmation, rather than pursuing confirmation while keeping the assets.

The next step is a Senate Banking Committee hearing. No official schedule has been set, but the possibility has been raised that it could be held as early as next week. It was initially likely to be held on April 16, but was delayed as the asset disclosure was postponed.

Political uncertainty remains until final confirmation. Republican Senator Thom Tillis has said he would oppose all Fed nominations, including Wash, until a federal investigation involving current Chair Jerome Powell is completed.

Powell's term ends on May 15. Accordingly, analysis suggests that while Wash's confirmation process has cleared the administrative stage, the actual hearing schedule and Senate vote could change again depending on the political situation.