Six of President Donald Trump’s 22 cabinet members hold Bitcoin (BTC) assets totaling millions, according to financial disclosures from December 2024 and January 2025.
These filings made public as part of transparency requirements for federal officials, reveal direct BTC ownership in crypto wallets and indirect stakes via exchange-traded funds (ETFs).
The disclosures align with Trump’s pro-crypto stance, as he has previously claimed federal government figures rank among BTC’s largest holders and pledged to position America as the “Bitcoin superpower of the world.”
High-Profile Holdings: RFK Jr. and Vought
Health and Human Services Secretary Robert F. Kennedy Jr. leads the pack with a Bitcoin Fidelity crypto account valued between $1 million and $5 million, per his disclosure.
Meanwhile, Office of Management and Budget Director Russell Vought reported a more modest Coinbase wallet holding BTC worth $1,001 to $15,000.
Vought has committed to divesting these assets, signaling compliance with ethical guidelines for his role. These contrasting figures highlight the range of crypto exposure among Trump’s appointees.
Treasury Secretary Bessent’s ETF Stake
Treasury Secretary Scott Bessent disclosed ownership of an iShares Bitcoin Trust ETF valued between $250,001 and $500,000.
Under his ethics agreement, Bessent pledged to divest this holding within 90 days of his confirmation. His investment reflects a growing trend of indirect BTC exposure through regulated financial products, a strategy also evident among other cabinet members.
Gabbard and Duffy’s Diverse Portfolios
Director of National Intelligence Tulsi Gabbard reported dual Bitcoin investments: a Bitwise Bitcoin ETF Trust worth $15,001 to $50,000 and a direct BTC holding in the same value range.
Gabbard has vowed to divest both, aligning with divestiture commitments from peers. Transportation Secretary Sean Duffy, however, boasts a heftier portfolio, including direct Bitcoin holdings of $250,001 to $500,000, a Gemini wallet with BTC valued at the same range, and a Fidelity Wise Origin Bitcoin Fund worth $50,001 to $100,000. Duffy’s multi-platform approach underscores the depth of crypto adoption in Trump’s inner circle.
Hegseth and Sacks Round Out the List
Defense Secretary Pete Hegseth disclosed Bitcoin holdings worth $15,001 to $50,000 in his December filing, adding to the cabinet’s crypto tally.
Separately, AI and Crypto Czar David Sacks revealed he sold all his crypto assets comprising Bitcoin, Ethereum, and Solana—before assuming his role earlier this month. While Sacks didn’t specify amounts, his divestiture came amid a government ethics review, contrasting with the active holdings of his colleagues.
Bitcoin’s Market Context
As of March 13, 2025, Bitcoin trades at $83,332, up over 1% in the past 24 hours, per crypto.news data. However, the leading cryptocurrency by market cap has shed more than 9% over the past week, reflecting short-term volatility. The cabinet disclosures arrive against this backdrop, reinforcing BTC’s prominence among influential figures despite market fluctuations.
Implications for Trump’s Crypto Agenda
The significant Bitcoin investments among Trump’s cabinet members bolster his administration’s crypto-friendly narrative. With millions in combined holdings, these officials’ stakes could shape policy discussions, particularly as Trump pushes for U.S. dominance in the digital asset space.
However, divestiture pledges from Vought, Bessent, and Gabbard suggest potential conflicts of interest are being addressed, though the timeline and execution of these sales remain under scrutiny.
A Crypto-Connected Cabinet
From RFK Jr.’s multimillion-dollar Bitcoin account to Duffy’s diversified crypto portfolio, at least six Trump cabinet members underscore the administration’s robust ties to digital assets. Mirroring President Trump’s ambition to make America the “Bitcoin superpower of the world.” With Bitcoin trading above $83,000, these investments could amplify Trump’s pro-crypto agenda, making the interplay between his policy goals and his team’s stakes a critical narrative to follow.
