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."