Politics
Kevin Hassett held up to $5 million in Coinbase shares, report says
CNBC reports that top White House economic adviser Kevin Hassett held millions in crypto stock while recused from digital asset policy.
The short version
- White House National Economic Council Director Kevin Hassett reported owning between $1 million and $5 million in Coinbase stock at the end of 2025.[CNBC]
- Hassett previously served as an adviser to Coinbase until January 2025 and stated he recused himself from all cryptocurrency policy matters.[CNBC]
- The White House maintained Hassett complied with all ethics rules, but an ethics expert argued the holdings posed major conflict concerns.[CNBC]
- The financial disclosure covered only 2025, leaving it unknown whether Hassett currently retains the Coinbase shares.[CNBC]
Key facts
- White House National Economic Council Director Kevin Hassett held between $1 million and $5 million in Coinbase shares at the end of 2025.[CNBC]
- Hassett worked as an adviser to Coinbase from 2021 until January 2025 before joining the administration.[CNBC]
- The White House stated that Hassett has complied with ethical requirements and recused himself from cryptocurrency matters.[CNBC]
- The SEC dismissed an enforcement action against Coinbase early in the Trump administration, while a digital asset working group was formed under the NEC.[CNBC]
What remains uncertain
- Because the disclosure covers only 2025, it is unclear whether Hassett currently holds any Coinbase shares.[CNBC]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.