Trump’s Fed Pick Warsh Reveals Stake In Bitcoin Startup Flashnet

Trump’s nominee for Federal Reserve chair, Kevin Warsh, has disclosed an equity stake in Bitcoin payments start-up Flashnet. The holding appeared in financial disclosure forms filed ahead of Warsh’s Senate confirmation hearing, which could begin as soon as this week but will most likely start next week.

Flashnet positions itself as a lightning-style Bitcoin payment system for merchants and fintech platforms, part of a broader push to speed up and cheapen transactions on the Bitcoin network. Warsh’s stake links the incoming Fed chief directly to a company whose fortunes depend on Bitcoin adoption and transaction volume, at a time when he has publicly framed Bitcoin as “an…

Read more on BitcoinMagazine

2.9K Reads