Several members of Donald Trump's cabinet have significant Bitcoin holdings, with their combined investments valued in the millions

These disclosures show that cabinet members have gained exposure to Bitcoin through direct purchases on crypto exchanges and investment vehicles like exchange-traded funds (ETFs).

Several members of Donald Trump’s cabinet have significant Bitcoin holdings, which are valued in the millions of dollars according to their financial disclosure reports.

These disclosures show that cabinet members gained exposure to Bitcoin through both direct purchases on crypto exchanges and investment vehicles like exchange-traded funds (ETFs). The presence of crypto-friendly figures in the administration aligns with Trump’s goal of positioning the US as a dominant force in the digital asset industry.

During his short term of presidency, Trump has introduced several policies—including plans for a Strategic Bitcoin Reserve—to strengthen America’s foothold in the sector.

Key cabinet members with their Bitcoin holdings

* Robert F. Kennedy Jr. (Health and Human Services Secretary)

Kennedy holds the largest Bitcoin investment among cabinet officials, reporting a Fidelity crypto account valued between $1 million and $5 million. He has also openly discussed his support for Bitcoin, previously mentioning that a significant portion of his personal wealth is in the asset.

The official also made headlines last year for his proposal to have the US Treasury acquire Bitcoin as a hedge against inflation. He suggested a strategy to accumulate 550 BTC daily until the nation holds 4 million BTC in reserve.

* Scott Bessent (Treasury Secretary)

Bessent’s financial report lists BlackRock’s iShares Bitcoin Trust ETF investment, which is valued between $250,010 and $500,000 in his portfolio. However, as outlined in his ethics agreement, he has agreed to divest from these holdings within 90 days of his confirmation.

In past statements, Bessent described Bitcoin as an investment option for younger, disillusioned investors in the traditional financial system. He also noted that the ETF provides a convenient way to gain exposure to the asset.

* Sean Duffy (Transportation Secretary)

Duffy disclosed multiple Bitcoin investments, including direct holdings valued between $250,010 and $500,000. He also stated that he has Bitcoin stored in a Gemini wallet within the same value range.

Additionally, he has a $50,001 and $100,000 stake in the Fidelity Wise Origin Bitcoin Fund.

Other cabinet members with minimal Bitcoin exposure include the following:

* William Barr (Attorney General): Holds a small investment in a Bitcoin mining company, with a value of $1,001 to $15,000.

* Ben Carson (Housing and Urban Development Secretary): Has a minor investment in the Bitcoin-focused investment firm, Bitfury, valued at $1,001 to $15,000.

* Wilbur Ross (Commerce Secretary): Disclosed a Bitcoin investment in the Spark Minerals, a company focused on blockchain technology for the mining industry, with a value ranging from $250,001 to $500,000.

Ethics concerns

These government officials’ substantial Bitcoin holdings raise ethics concerns, considering the Trump administration’s pro-crypto approach to governance.

US lawmaker Elizabeth Warren recently warned that the Trump administration’s “actions have the potential to benefit billionaire investors, Trump Administration insiders, and speculators at the expense of middle-class families.”

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