Recent financial disclosures have revealed that several members of President Donald Trump's cabinet have significant investments in Bitcoin, both directly and through index funds.
Major Bitcoin Holders
The largest Bitcoin holder among them is Health and Human Services Secretary Robert F. Kennedy Jr., with investments ranging from $1 million to $5 million in a Fidelity Bitcoin account. Transportation Secretary Sean Duffy also holds significant Bitcoin assets between $250,001 and $500,000, with additional investments in a Gemini wallet and the Fidelity Wise Origin Bitcoin Fund.
Disclosures and Plans to Sell
Other officials, including Budget Director Russell Vought and Treasury Secretary Scott Bessent, plan to divest their Bitcoin holdings to adhere to ethical guidelines. National Intelligence Director Tulsi Gabbard also intends to sell her Bitcoin holdings. These plans underscore the officials' awareness of potential conflicts of interest.
Comments and Trends
Former President Donald Trump has previously expressed an interest in cryptocurrencies among his administration. Government AI and crypto czar David Sacks sold all his crypto assets, including Bitcoin, Ethereum, and Solana, before taking office to avoid conflicts of interest.
The Bitcoin investments disclosed by Trump's cabinet members highlight both a growing interest in cryptocurrencies among public officials and their commitment to maintaining ethical standards.
