Trump Cabinet's Million-Dollar Bitcoin Holdings
Recent financial disclosures reveal that six members of President Donald Trump’s cabinet hold millions of dollars in Bitcoin. This news comes as the Trump administration actively promotes the US as a global cryptocurrency leader.
Key Takeaways
- Six cabinet members reported substantial Bitcoin holdings.
- The Trump administration is aggressively pursuing a pro-crypto policy.
According to a Fortune report, the largest disclosed holding belonged to Health and Human Services Secretary Robert Kennedy Jr., with a Bitcoin Fidelity crypto account valued between $1 million and $5 million.
Treasury Secretary Scott Bessent reported holdings in BlackRock’s iShares Bitcoin Trust ETF, valued at $250,001 to $500,000. However, his ethics agreement mandates divestment within 90 days of confirmation.
Transportation Secretary Sean Duffy declared multiple Bitcoin investments totaling between $550,003 and $1.1 million across various platforms.
Director of National Intelligence Tulsi Gabbard and Defense Secretary Pete Hegseth each disclosed Bitcoin holdings worth $15,001 to $50,000. Office of Management and Budget Director Russell Vought reported Bitcoin held in a Coinbase wallet, valued at $1,001 to $15,000.
In contrast, David Sacks, Trump’s AI and crypto czar, recently confirmed he sold all his crypto holdings (including Bitcoin, Ether, and Solana) before assuming his role. His position is advisory, providing direct policy recommendations to the President but without direct authority over government agencies.
Trump's Pro-Crypto Agenda
These disclosures coincide with President Trump's intensified efforts to establish the US as a Bitcoin superpower. He recently pledged "historic action" at a White House digital assets summit to solidify American dominance in the cryptocurrency sector.
This initiative includes an executive order creating a Strategic Bitcoin Reserve and US Digital Asset Stockpile, aiming to improve government management of crypto assets. Furthermore, the SEC has shown a more lenient approach to crypto enforcement, a notable shift from previous administrations.
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