Key Cabinet Members with Significant Bitcoin Holdings
Robert F. Kennedy Jr. (Health and Human Services Secretary)
- Reported a Fidelity crypto account valued between $1 million and $5 million
- Vocal about his support for Bitcoin
- Advocated for the US Treasury to acquire Bitcoin as a hedge against inflation
Scott Bessent (Treasury Secretary)
- Listed BlackRock’s iShares Bitcoin Trust ETF investment worth between $250,001 and $500,000
- Agreed to divest from these holdings within 90 days of confirmation
- Described Bitcoin as an investment option for younger investors
Sean Duffy (Transportation Secretary)
- Disclosed multiple Bitcoin investments, including direct holdings and a Gemini wallet
- Stake in the Fidelity Wise Origin Bitcoin Fund
Other Cabinet Members with Minimal Bitcoin Exposure
- Russell Vought (Office of Management and Budget Director): Holds Bitcoin in a Coinbase wallet valued between $1,001 and $15,000
- Tulsi Gabbard (Director of National Intelligence): Owns both a Bitwise Bitcoin ETF Trust investment and direct Bitcoin holdings
- Pete Hegseth (Defense Secretary): Reported Bitcoin holdings within the $15,001 to $50,000 range
Ethics Concerns
The significant Bitcoin holdings of these government officials raise ethics concerns, especially considering the Trump administration’s pro-crypto stance.
US lawmaker Elizabeth Warren recently warned about the potential benefits to certain individuals at the expense of middle-class families due to the administration’s approach to cryptocurrency.
