Six members of the Trump Cabinet hold Bitcoin assets worth millions of dollars

BlockBeats News, March 13th, according to Fortune report, based on the January financial disclosure documents of members of President Trump's cabinet, 6 out of 22 members listed cryptocurrency assets held directly in a Bitcoin wallet or indirectly through other financial instruments.

Health and Human Services Secretary Robert Kennedy Jr. disclosed a Fidelity Bitcoin ETF account worth $1 million to $5 million, Office of Management and Budget Director Russell Vought disclosed Bitcoin in a Coinbase wallet worth $1,001 to $15,000, stating that he will divest these assets later. National Intelligence Director Tulsi Gabbard's report stated that she holds Bitwise Bitcoin ETF Trust fund worth $15,001 to $50,000 and Bitcoin worth $15,001 to $50,000, Defense Secretary Pete Hegseth disclosed Bitcoin worth $15,001 to $50,000.

According to the financial disclosure documents, Treasury Secretary Scott Bessent listed iShares Bitcoin Trust ETF worth $250,001 to $500,000, but under his ethics agreement, he will divest these assets within 90 days of confirmation. Transportation Secretary Sean Duffy disclosed Bitcoin worth $250,001 to $500,000, Bitcoin in a Gemini wallet worth $250,001 to $500,000, and Fidelity Wise Origin Bitcoin Fund worth $50,001 to $100,000.

Abra CEO Bill Barhydt commented on this, "The crypto industry has spent millions of dollars supporting Trump's reelection and endorsing crypto-friendly legislators. Following Trump's election, crypto companies also donated more funds for his inauguration, and the SEC has dismissed multiple cryptocurrency lawsuits. Regulatory clarity is on the horizon."