Trump Officials Hold $193M in Crypto, Report Finds

iconCryptofrontnews
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
A Washington Post review found that nearly 70 Trump administration officials and nominees disclosed crypto or blockchain investments totaling at least $193 million. Trump reported $51 million in digital assets, with several Cabinet members and senior officials also holding bitcoin and related tokens. Some pledged to sell holdings as U.S. regulators push forward with crypto policy updates. Global crypto policy remains in flux as officials balance personal interests with regulatory developments.
  • Nearly 70 Trump administration officials reported crypto or blockchain-related financial holdings.
  • President Donald Trump and several Cabinet members disclosed bitcoin and digital asset investments.
  • Some officials pledged to divest holdings as regulators continue shaping U.S. crypto policy.

Nearly 70 Trump administration officials and nominees disclosed cryptocurrency or blockchain-related investments, according to a Washington Post review published this week. The report examined nearly 300 senior appointees and found at least $193 million in reported crypto-linked holdings, including investments tied to bitcoin, blockchain firms, and digital asset companies across several federal agencies.

Trump Team Reports Widespread Crypto Investments

According to The Washington Post, President Donald Trump disclosed at least $51 million in digital asset holdings. Vice President JD Vance and several Cabinet officials also reported bitcoin or crypto-related investments through personal wallets and investment vehicles.

The report stated that more than one-third of Trump’s Cabinet disclosed crypto exposure. Robert F. Kennedy Jr. reported between $1 million and $5 million in digital assets. Meanwhile, Treasury Secretary Scott Bessent disclosed holdings worth up to $500,000 before divesting.

The disclosures covered holdings through late 2024 or early 2025. However, several officials told The Post they later sold those positions. Others reportedly pledged to divest within 90 days after confirmation.

At the same time, White House spokesman Harrison Fields said conflicts of interest are not tolerated within the administration. He also stated that Trump supports regulatory clarity for digital assets.

Regulators And Security Officials Also Held Crypto

The disclosures also included officials tied to financial regulation, national security, and law enforcement. Federal Housing Finance Agency Director Bill Pulte reported between $1 million and $2 million in digital assets.

EliteFXLabs Banner

According to the report, FBI Director Kash Patel and other Justice Department officials also disclosed crypto holdings. Director of National Intelligence Tulsi Gabbard reportedly divested her crypto investments after filing disclosures.

Meanwhile, Treasury officials continue overseeing policies involving digital assets, including the Strategic Bitcoin Reserve initiative announced under Trump.

Tech Executives And Ambassadors Held Large Stakes

Several administration nominees previously worked in crypto or Silicon Valley firms before joining the government. Scott Kupor, Trump’s Office of Personnel Management nominee, previously worked at Andreessen Horowitz.

Jonathan Gould, formerly Bitfury’s chief legal officer, disclosed a Coinbase stake and agreed to divest later. David Fogel, a crypto-mining executive, also received a Commerce Department nomination.

According to The Washington Post, ambassador nominees also reported major holdings. Ken Howery disclosed at least $122 million in digital assets, while Tilman Fertitta also reported crypto-related investments.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.