Kevin Hassett, one among Donald Trump’s high financial advisers, has disclosed proudly owning greater than $1m price of inventory in Coinbase, the biggest publicly traded crypto change in america.
Bloomberg reported the stake Tuesday, citing a newly launched monetary disclosure, sparking debate over potential conflicts of curiosity because the White Home continues to form digital asset coverage.
The doc, filed with the Workplace of Authorities Ethics, lists the Coinbase shares as vested inventory and values them within the $1m to $5m vary. The draft submitting, which has but to be permitted by the ethics workplace, additionally reveals Hassett holds a minimum of $7.6m in whole property.
Kevin Hassett, one among Trump’s high financial aides, revealed holding a stake in Coinbase price a minimum of $1 million, in keeping with his monetary disclosure https://t.co/aRA9Sv8eA5
— Bloomberg (@enterprise) June 3, 2025
Hassett Serves on Coinbase Advisory Board Alongside Ex-Trump Officers
Hassett, who serves as director of the Nationwide Financial Council, obtained $50,001 in wage from Coinbase for sitting on its Tutorial and Regulatory Advisory Council. That board additionally consists of a number of figures with ties to the Trump administration, together with former SEC chair Jay Clayton and former CIA basic counsel Courtney Elwood.
Earlier than returning to authorities in January, Hassett earned $1.5m in employment revenue from establishments similar to Stanford College’s Hoover Establishment and the Milken Basis. He additionally collected almost half 1,000,000 {dollars} in talking charges from main monetary companies together with Goldman Sachs, Citigroup and PIMCO.
Whereas the dimensions of his Coinbase holding has not but triggered public concern amongst ethics consultants or crypto coverage analysts, it does increase questions on potential affect on regulatory route.
Hassett Disclosure Indicators Alignment With Trade as Guidelines Take Form
Hassett’s place offers him direct enter on points that might have an effect on Coinbase’s operations, from securities classifications to federal oversight of crypto exchanges.
His funding additionally indicators private monetary alignment with the expansion of the crypto sector. The dimensions and nature of the stake counsel that Hassett has a vested curiosity within the continued success of digital asset markets, which can form how he approaches coverage. Analysts word that this might translate into higher help inside the administration for innovation-friendly frameworks and efforts to place the US as a frontrunner in digital finance.
Hassett has beforehand labored with crypto coverage teams and blockchain assume tanks, including to his profile as one of many administration’s most crypto-engaged figures. His previous affiliations and advisory roles deepen the notion that he might lean towards insurance policies that profit trade gamers like Coinbase.
Not like cupboard members or company heads, White Home advisers like Hassett will not be required to submit detailed ethics agreements or divest from property that might pose conflicts of curiosity. That lack of formal constraint has drawn criticism in earlier administrations and is more likely to stay some extent of concern as crypto regulation strikes to the forefront of financial policymaking.
Hassett’s disclosure is among the many first from senior officers in Trump’s second time period. Whereas it reveals rising institutional help for digital property, it additionally factors to the necessity for transparency and clear moral boundaries as the federal government weighs the best way to regulate a quickly evolving trade.
The put up Trump Advisor Kevin Hassett Holds $1M+ Coinbase Stake – What Does This Sign for Crypto Coverage? appeared first on Cryptonews.