Hassett Held Up to $5M Coinbase Stake While Advising Trump on Crypto

White House economic advisor Kevin Hassett held a personal stake of up to $5 million in Coinbase while simultaneously serving as one of the Trump administration's top economic voices during a period when the White House was actively rewriting federal cryptocurrency policy, according to his financial disclosure documents.

The overlap between Hassett's investment position and his advisory role raises immediate questions about potential conflicts of interest at the highest levels of economic policymaking. Coinbase, the largest U.S.-based cryptocurrency exchange, stands to benefit directly from regulatory and policy decisions shaped inside the White House — decisions that Hassett was positioned to influence.

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The disclosure comes as the Trump administration has moved aggressively to reframe Washington's approach to digital assets, signaling a far friendlier stance toward the crypto industry compared to its predecessor. That policy pivot has drawn intense scrutiny from ethics watchdogs and lawmakers who have questioned whether financial entanglements among senior officials could be shaping the direction of crypto regulation.

Hassett's situation illustrates a broader tension inside the current administration, where several senior figures have maintained significant exposure to crypto markets even as they help craft the rules governing those same markets. Whether Hassett took steps to recuse himself from crypto-related deliberations has not been publicly detailed in available disclosures.

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