President Donald Trump’s cabinet members have disclosed significant Bitcoin holdings worth millions of dollars, with some reporting large investments. The disclosures come as the administration pushes to position the US as a leading power in the cryptocurrency market.
Six cabinet members reported notable holdings: Health and Human Services Secretary Robert Kennedy Jr., with a Bitcoin Fidelity account valued between $1 million and $5 million; Treasury Secretary Scott Bessent, with BlackRock’s iShares Bitcoin Trust ETF worth $250,001 to $500,000; Transportation Secretary Sean Duffy, with multiple Bitcoin investments totaling $550,003 to $1.1 million; Director of National Intelligence Tulsi Gabbard, with a holding worth $15,001 to $50,000; Defense Secretary Pete Hegseth, with a similar holding; and Office of Management and Budget Director Russell Vought, with a Coinbase wallet valued at $1,001 to $15,000.
This move follows Trump’s pledge to make the US a Bitcoin superpower. The president has taken steps to support this initiative, including establishing a Strategic Bitcoin Reserve and US Digital Asset Stockpile to streamline government handling of crypto assets. However, some have raised concerns about potential conflicts of interest among cabinet members with significant Bitcoin holdings.
Source: https://cryptobriefing.com/trump-cabinet-bitcoin-holdings