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Every Fifth Trump Ally in the White House Invests in Crypto, The Washington Post Says

Journalists have identified at least $193 million in digital assets held by representatives of the presidential administration.

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The current US government has unveiled an unprecedented level of involvement in the digital asset industry. According to a major investigation by The Washington Post, nearly 70 high-ranking officials and nominees for government posts hold personal stakes in cryptocurrencies or blockchain companies.

The total volume of their disclosed capital is estimated at a minimum of $193 million, though the actual figure is likely much higher due to the specific way asset ranges are reported in financial disclosures.

The White House's top holders

President Donald Trump himself holds a personal digital asset portfolio worth at least $51 million. A major source of his revenue is World Liberty Financial, a crypto venture majority-owned by the Trump family business.

Vice President JD Vance and seven other cabinet members or nominees disclosed a combined total of at least $2 million. For comparison, not a single cabinet official in the previous Biden administration reported holding digital currencies in their final financial disclosures.

Among agency heads, Department of Health and Human Services Secretary Robert F. Kennedy Jr. leads with between $1 million and $5 million in digital assets. Significant crypto portfolios were also uncovered among officials overseeing national security, including Defense Secretary Pete Hegseth and Director of National Intelligence Tulsi Gabbard.

Spokespeople for Gabbard and Treasury Secretary Scott Bessent (whose balance reached up to $500,000) stated that the officials divested their crypto holdings either prior to taking office or immediately following their confirmation.

Share of crypto holders in the Trump administration. Source: The Washington Post
Share of crypto holders in the Trump administration. Source: The Washington Post

The absolute record among Trump's appointees belongs to the nominee for US Ambassador to Denmark, Ken Howery. The PayPal co-founder and long-time business partner of Peter Thiel disclosed digital assets worth at least $122 million.

Billionaire Tilman Fertitta, nominated as Ambassador to Italy, also emerged as a major holder. In total, crypto wallets were found among at least 14 future US diplomatic representatives.

Regulatory about-face

This heavy concentration of crypto investors at the highest levels of government has coincided with a period of dramatic regulatory easing. Since Trump took office, the Securities and Exchange Commission (SEC) has dropped or paused litigation in more than a dozen cases against crypto firms.

Furthermore, the president recently urged House Republicans to back a bill establishing clear rules for stablecoins.

The administration is also actively pushing for the creation of two national strategic Bitcoin reserves. Under this framework, Bitcoin would sit alongside gold and foreign currencies within the Treasury's official reserves.

However, critics from the advocacy group Public Citizen worry that the White House's embrace could legitimize highly volatile investments and push everyday Americans into taking on excessive financial risks.

This post is for informational purposes only and does not constitute advertising or investment advice. Please do your own research before making any decisions.

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