Kevin Warsh, candidate to preside over the Federal Reserve (FED), has investments linked to Lemon Cash, a bitcoin (BTC) and cryptocurrency exchange born in Argentina.
This is clear from the financial report presented on April 14, 2026 to the United States Office of Government Ethics.
The OGE Form 278e document, the official wealth disclosure form for senior officials, shows that its participation in Lemon Cash is not direct or majoritybut is within a more complex investment structure.
Specifically, Lemon Cash appears as part of the AVGF I fund, which is itself contained within Abstract Holdings LLCa company that brings together different investments. This structure depends on DCM Investments 10 LLC, a firm in which Warsh has a stake.
This implies that Warsh acts as a co-investor within a fund that includes Lemon Cash among multiple assets. The report does not detail the percentage of participation, the amount invested in the Argentine exchange or income associated with that position.
Furthermore, the investment appears without a reported individual market value, which is common in this type of structures, where the underlying assets are not specifically broken down.
Beyond this specific point, the statement reflects a strong presence in sectors that the FED itself must observe and regulate, such as fintech and the development of infrastructure on Ethereum, as reported by CriptoNoticias.
Warsh, who was governor of the FED between 2006 and 2011, has developed its activity in the private sphere in recent yearsas a researcher at the Hoover Institution and advisor to the Duquesne Family Office. For its defenders, this journey gives it an advantage: direct knowledge of financial and technological innovation.
However, its profile also generates tensions within the ecosystem. On the monetary level, he is considered a “hawk”, that is, a supporter of strict policies and high interest rates to control inflation. At the same time, he has defined bitcoin (BTC) as an “important asset” and even as a “good policeman” capable of warning about monetary policy errors.