Nearly 70 Trump Officials Hold Crypto, Some With up to $120M in Investments: Report
Main Idea
Nearly 70 Trump administration officials and nominees hold cryptocurrency or investments in blockchain companies, with holdings ranging from modest sums to over $120 million, reflecting the asset's popularity among Trump allies.
Key Points
1. A detailed investigation by The Washington Post reveals that nearly 70 Trump administration officials and nominees hold crypto, with stakes up to $120 million.
2. President Donald Trump has declared a personal stake of at least $51 in cryptocurrency.
3. High-profile officials with crypto assets include Treasury Secretary Scott Bessent and Health and Human Services Secretary Robert F. Kennedy Jr., holding between $1 million and $5 million.
4. Ambassadors such as Ken Howery, with $122 million in crypto holdings, underscore the asset’s popularity among Trump allies.
5. Trump’s campaign has seen crypto leaders secure key government roles, including Scott Kupor and Jonathan Gould.
Description
Nearly 70 nominees and officials in the Trump administration reportedly hold crypto or investments in blockchain companies, with holdings ranging from modest sums to over $120 million. Key Takeaways: Nearly 70 Trump administration officials and nominees hold crypto, with stakes up to $120 million. Several former crypto leaders who supported Trump’s 2024 campaign have secured government positions. The administration’s hands-off regulatory approach has coincided with a surge in Bitcoin’s price. Th...
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