Trump's influence on GOP officials and cabinet members reflects in crypto ownership

Financial disclosures reveal several officials in President Donald Trump’s administration are crypto investors, holding assets worth tens of thousands to millions of dollars. The president is also pushing for congressional action on the pro-stablecoin GENIUS Act, which could boost profits in the lawmakers’ portfolios. 

Among high-ranking policy makers with crypto investments in Trump’s circle is Vice President JD Vance, who reported owning between $250,000 and $500,000 in Bitcoin. 

Speaking at the Bitcoin 2025 Conference in Las Vegas last month, Vance told attendees he is “one of the only people running for office who actually owned Bitcoin” during his 2022 Senate campaign in Ohio. “I still own a fair amount of Bitcoin today,” he remarked.

Health and Human Services Secretary Robert F. Kennedy Jr. is the biggest known holder among Cabinet members. In a December disclosure, Kennedy reported owning between $1 million and $5 million in Bitcoin.

Trump administration members with crypto holdings

Other officials like Transportation Secretary Sean Duffy disclosed ownership of digital assets valued between $502,000 and $1.3 million, while Medicare and Medicaid Services Administrator Mehmet Oz holds between $500,000 and $1 million in Bitcoin. 

Both Duffy and Oz also reported investments in Bitcoin funds, in addition to their direct cryptocurrency holdings.

Deputy Attorney General Todd Blanche, previously Trump’s personal defense attorney, revealed holdings between $158,000 and $470,000, primarily in Bitcoin. Defense Secretary Pete Hegseth reported owning Bitcoin valued between $15,000 and $50,000.

Treasury Secretary Scott Bessent has not directly invested in crypto, but some sources claim he owns between $250,000 and $500,000 in a Bitcoin fund. 

While many top officials have virtual assets in their portfolio, others, like Tulsi Gabbard, Director of National Intelligence, reportedly let go of between $33,000 and $145,000 in Bitcoin and other cryptocurrencies on May 13. 

Office of Management and Budget Director Russ Vought agreed to divest up to $15,000 in Bitcoin. FBI Director Kash Patel also exited his crypto position, selling Bitcoin ETF shares worth between $51,000 and $115,000.

Responding to questions about crypto ownership in the current administration, White House Press Secretary Karoline Leavitt reckoned, “President Trump, Vice President Vance, and senior White House staff have completed required ethics briefings and financial reporting obligations.”

Still, Trump is likely the most active crypto investor among federal officials. His latest financial disclosure shows more than $53 million in crypto-related income last year through World Liberty Financial, a firm majority-owned by the Trump family.

Trump pushes for passage of stablecoin legislation

On the legislative front, Trump has asked House Republicans to quickly approve the Senate-passed GENIUS Act, a bill designed to create the first federal framework for regulating stablecoins, digital tokens pegged to the US dollar. The Senate approved the measure earlier this week, following months of negotiations.

Late Wednesday, on his Truth Social platform, Trump urged lawmakers to send the bill to his desk without modifications. “Get it to my desk, ASAP. NO DELAYS, NO ADD ONS,” he wrote. 

Trump has called the Senate bill “an incredible Bill that is going to make America the undisputed Leader in Digital Assets.” 

“Digital Assets are the future, and our Nation is going to own it. We are talking about MASSIVE Investment, and Big Innovation,” he added.

House Republicans, who are generally in support of a stablecoin legislation, are considering revisions to the bill. Representative French Hill, Chair of the House Financial Services Committee, is leading an effort to introduce House-specific crypto legislation.

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