Kevin Hassett Maintains Coinbase Stake Amid Trump's Crypto Policy Shifts
National Economic Council Director Kevin Hassett held between $1 million and $5 million in vested shares of crypto exchange Coinbase as of the end of 2025, according to a newly released financial disclosure. This comes amid President Donald Trump’s administration reshaping U.S. cryptocurrency policy through initiatives like the President's Working Group on Digital Asset Markets, which was housed within Hassett’s office. Hassett previously advised Coinbase and has recused himself from crypto-related matters while ethics officials assessed potential conflicts of interest. Ethics lawyer Virginia Canter raised concerns about a “major conflict of interest,” questioning whether his broad recusal limited his involvement in key economic policies. The White House maintains that Hassett is fully compliant with ethical requirements, including the ongoing recusal. The situation highlights tensions between personal financial interests and public policy roles during an era of rapid regulatory change for digital assets.
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Topics: Coinbase cryptocurrency government ethics White House