8 hours ago
Not just $Trump: Several top administration officials have put their money into crypto
Trump has made millions from cryptocurrency and launched a meme-coin earlier this year.
Members of his Cabinet have also invested thousands, sometimes millions, in cryptocurrency.
They include JD Vance, RFK Jr., Tulsi Gabbard, and others.
There's something that several top Trump administration officials have in common: They've poured thousands of dollars into cryptocurrency.
While much has been made of President Donald Trump's own involvement with crypto, financial disclosures show that several of his top advisors and Cabinet officials also have substantial cryptocurrency investments.
That includes Vice President JD Vance, who owns bitcoin worth between $250,000 and $500,000. Officials are generally only required to disclose the range of the value of their assets, so we don't know the exact amount.
At the Bitcoin 2025 Conference in Las Vegas last month, Vance described himself as "one only people running for office who actually owned bitcoin" when he ran for Senate in Ohio in 2022. "I still own a fair amount of bitcoin today," he said.
Among Cabinet officials, Health and Human Services Secretary Robert F. Kennedy Jr. may be the largest holder of Bitcoin: he reported owning between $1 million and $5 million in the cryptocurrency in his December disclosure.
Others hold at least hundreds of thousands of dollars in crypto. Transportation Secretary Sean Duffy reported owning between $502,000 and $1.3 million in various cryptocurrencies, while Centers for Medicare & Medicaid Services Administrator Mehmet Oz reported holding between $500,000 and $1 million in bitcoin.
Todd Blanche, a former personal defense attorney for Trump who now serves as Deputy US Attorney General, reported owning between $158,000 and $470,000 in various cryptocurrencies, primarily bitcoin. Defense Secretary Pete Hegseth also owns between $15,000 and $50,000 in bitcoin.
Some Cabinet officials are invested in Bitcoin funds, which track the performance of Bitcoin without involving direct ownership. Among them is Treasury Secretary Scott Bessent, who disclosed having between $250,000 and $500,000 in such a fund. Oz and Duffy also invested in bitcoin funds in addition to their direct crypto holdings.
Other top officials used to own cryptocurrencies but agreed to sell them off. That includes Director of National Intelligence Tulsi Gabbard, who reported owning between $33,000 and $145,000 in various cryptocurrencies, primarily bitcoin, which she sold off on May 13.
Office of Management and Budget Director Russ Vought agreed to divest his holdings of up to $15,000 in bitcoin, while FBI Director Kash Patel agreed to sell off his investments in bitcoin ETFs, which were worth between $51,000 and $115,000.
"President Trump, Vice President Vance, and senior White House staff have completed required ethics briefings and financial reporting obligations," White House Press Secretary Karoline Leavitt said in a statement for this story. "The Trump Administration is committed to transparency and accessibility for the American people."
Ultimately, Trump remains the biggest cryptocurrency investor in his administration.
His most recent financial disclosure shows he made more than $53 million from cryptocurrency sales last year in connection with World Liberty Financial, a crypto firm that's majority-owned by Trump and his family.
Trump launched a meme-coin, $Trump, in the days before his second inauguration in January.
Read the original article on Business Insider
