Hassett kept up to $5 million Coinbase stake as Trump reshaped crypto policy
Trump economic advisor Kevin Hassett owned as much as $5 million in Coinbase while serving as the White House's top economic advisor, his disclosure shows.
TL;DR
- Kevin Hassett, White House National Economic Council Director, held between $1 million and $5 million in Coinbase shares at the end of 2025.
- Hassett previously worked as an advisor to Coinbase and had not fully divested his shares nearly 11 months into Trump's second term.
- The Trump administration established a working group on digital assets within the NEC, with Hassett's office intended to receive its recommendations.
- Hassett stated he recused himself from all crypto matters and followed guidance from ethics officials regarding his investment.
- The White House confirmed Hassett continues to be in full compliance with ethical requirements, including his recusal.
- Ethics experts raised concerns about potential conflicts of interest and whether recusal sidelined Hassett from a major policy area.
- The SEC dismissed its enforcement lawsuit against Coinbase shortly after Trump took office, citing regulatory overhaul efforts.
- Coinbase has been a significant financial backer of political action committees and has been actively lobbying for new federal digital-asset rules.