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2mo ago

Trump Officials’ $193 Million Crypto Holdings Prompt Divestments and Ethical Scrutiny

White House officials say appointees comply with ethics rules through divestments of digital assets

President Donald Trump arriving before speaking at a ceremony to sign the "Halt All Lethal Trafficking of Fentanyl Act," in the East Room of the White House, Wednesday, July 16, 2025, in Washington. (AP Photo/Evan Vucci)
President Donald Trump speaks during a ceremony to sign the "Halt All Lethal Trafficking of Fentanyl Act," in the East Room of the White House, Wednesday, July 16, 2025, in Washington. (AP Photo/Alex Brandon)
President Donald Trump, center, seated with Sen. Dave McCormick, R-Pa., left, and Jon Gray, President and Chief Operating Officer, Blackstone, right, at the "Inaugural Pennsylvania Energy and Innovation Event" at Carnegie Mellon University, Tuesday, July 15, 2025, in Pittsburgh. (AP Photo/Gene J. Puskar)

Overview

  • Nearly 70 senior administration officials and nominees reported cryptocurrency or blockchain investments totaling at least $193 million in their financial disclosures.
  • President Donald Trump holds at least $51 million in digital assets and has urged Congress on Truth Social to pass legislation positioning the U.S. as a leader in digital assets.
  • Vice President J.D. Vance and seven Cabinet members or nominees disclosed combined crypto holdings of over $2 million.
  • Some appointees have sold or plan to sell their digital-asset stakes to prevent conflicts of interest, according to White House statements.
  • No previous U.S. president or Biden administration cabinet official reported crypto holdings, making this level of federal crypto exposure unprecedented.