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      White House Economic Advisor Holds Up to $5 Million in Coinbase Shares Amid Cryptocurrency Policy Development

      Kevin Hassett, the Director of the National Economic Council (NEC) in the United States, has reported holding between $1 million and $5 million in shares of Coinbase, a major cryptocurrency exchange, as of the end of 2025. This information comes from financial disclosure documents and raises questions about potential conflicts of interest given Hassett's role in shaping cryptocurrency policy under the Trump administration.

      Hassett previously served as an advisor to Coinbase from 2021 until January 2025 before his appointment to the White House. The NEC has been instrumental in advancing the administration's cryptocurrency agenda, including the establishment of a digital asset market working group shortly after Trump returned to office. This group is tasked with developing regulatory frameworks and proposals related to cryptocurrencies, stablecoins, and taxation.

      Despite Hassett's claims of compliance with ethical guidelines, concerns have been voiced regarding the implications of his investment. Former SEC ethics lawyer Kantor highlighted that holding such shares could be seen as a significant conflict of interest, especially as Coinbase has been actively involved in political contributions, including spending millions during the 2024 U.S. elections. The company's CEO also maintains close ties with Trump and other senior officials, further complicating the ethical landscape surrounding Hassett's financial interests.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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