Elizabeth Warren claims that his appointment may lead to the Federal Reserve providing special accounts for the Trump family's cryptocurrency company. She called Warsh a "puppet" of the president. However, he emphasized that he would not change the interest rate at Trump's requests. Warsh described digital assets as an integral part of U.S. financial services. Before taking the oath, he promised to divest his financial assets, including cryptocurrencies and stakes in AI companies. According to his and his wife's declaration, they own $192 million, including 30 tokens. However, most of these holdings are less than $1,000. He also holds stakes in more than a dozen crypto companies, including DeFi services and prediction markets. The term of the current Fed Chairman Jerome Powell ends on May 15.