Key Points
- Several members of Trump’s cabinet have Bitcoin investments totaling millions.
- These investments are held in crypto wallets, or indirectly through crypto-backed exchange-traded funds.
Six members of President Trump’s cabinet have investments in Bitcoin (BTC). Their investments are either direct, through crypto wallets, or indirect, via crypto-backed exchange-traded funds. The information was gathered from financial disclosures available to the public, dated December 2024 and January 2025.
Cabinet Members’ Bitcoin Investments
Robert F. Kennedy Jr., the Health and Human Services secretary, has a Bitcoin Fidelity crypto account valued between $1 million and $5 million, as per his public financial disclosure report. Russell Vought, the Office of Management and Budget Director, holds Bitcoin in his personal Coinbase wallet, valued around $1,001 to $15,000. Vought has committed to divesting from his holdings.
The Treasury Secretary, Scott Bessent, revealed his stake in iShares Bitcoin Trust ETF, valued between $250,001 and $500,000. Bessent has agreed to divest no later than 90 days after his confirmation, as per his ethics agreement.
Bitcoin’s Market Performance
At the time of writing, Bitcoin had risen by over 1% in the past 24 hours, trading at $83,332. However, the largest cryptocurrency by market cap has dropped by over 9% in the past week.
Other cabinet members with Bitcoin investments include the Director of National Intelligence, Tulsi Gabbard. Gabbard has a Bitwise Bitcoin ETF Trust worth $15,001 to $50,000 and directly holds Bitcoin valued between $15,001 and $50,000. She has also committed to divesting from her Bitcoin holdings.
Transportation Secretary Sean Duffy has investments in Bitcoin valued between $250,001 and $500,000. He also possesses a Gemini wallet with Bitcoin worth $250,001 to $500,000, and a Fidelity Wise Origin Bitcoin Fund valued between $50,001 to $100,000. Defense Secretary Pete Hegseth disclosed in December that he held funds ranging from $15,001 to $50,000 in Bitcoin.
David Sacks, the AI and crypto czar, said he sold all his crypto holdings before assuming his role. He didn’t disclose the exact amount of his holdings, but they included Bitcoin, Ethereum (ETH), and Solana (SOL). Sacks was reportedly undergoing a government ethics review at the time.
