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According to recent financial disclosures, at least six members of Donald Trump’s cabinet own Bitcoin directly or through exchange-traded funds (ETFs) backed by cryptocurrency. These filings, which span December 2024 and January 2025, shed light on government officials’ increasing interest in cryptocurrencies.
Robert F. Kennedy Jr., the secretary of health and human services, is at the top of the list with a Bitcoin Fidelity cryptocurrency account worth between $1 million and $5 million. Russell Vought, the director of the Office of Management and Budget, has between $1,001 and $15,000 worth of Bitcoin in his personal Coinbase wallet. Vought has promised to sell off his investments.
Treasury Secretary Scott Bessent also reported investments in the iShares Bitcoin Trust ETF, with holdings ranging from $250,001 to $500,000. To comply with his ethics agreement, he plans to sell his Bitcoin-related assets within 90 days of his confirmation.
Trump has previously claimed that U.S. government officials rank among the biggest Bitcoin holders. He has also reiterated his goal to make the U.S. the “Bitcoin superpower of the world.”
As cryptocurrency continues to gain mainstream acceptance, its presence among high-level government officials highlights the shifting financial landscape. These disclosures indicate that key decision-makers recognize Bitcoin’s growing influence and potential economic impact.