Kevin Hassett Held Up to $5M Coinbase Stake While Advising Trump on Crypto
Trump's top economic advisor Kevin Hassett held a Coinbase stake worth up to $5 million while the White House reshaped U.S. crypto policy.
Kevin Hassett, President Trump's top White House economic advisor, maintained a personal stake in Coinbase worth as much as $5 million while simultaneously advising the administration on economic policy — a period that coincided with sweeping changes to the federal government's approach to cryptocurrency regulation, according to his financial disclosure.
The holding raises immediate questions about potential conflicts of interest at the highest levels of economic policymaking. Coinbase, the largest publicly traded U.S. cryptocurrency exchange, stands to benefit directly from regulatory decisions shaped inside the White House, making the size and timing of Hassett's position a matter of significant public concern.
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Hassett's disclosure surfaces at a moment when the Trump administration has aggressively repositioned the United States as a crypto-friendly jurisdiction, reversing Biden-era enforcement postures and signaling openness to industry-backed legislative frameworks. An advisor with a multi-million-dollar stake in a major exchange occupies a uniquely sensitive seat at that table.
Ethics watchdogs have long argued that financial holdings of this scale in a directly affected industry should trigger recusal or divestiture requirements for senior government officials. Whether Hassett recused himself from any crypto-related deliberations has not been publicly established based on available disclosures.
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