Hassett kept up to $5 million Coinbase stake as Trump reshaped crypto policy

White House National Economic Council Director Kevin Hassett held between $1 million and $5 million worth of shares in crypto giant Coinbase at the end of 2025, as President Donald Trump's administration rapidly rewrote federal cryptocurrency policy.

Hassett's previously unreported 2025 annual financial disclosure lists the investment as vested Coinbase shares. He formerly worked as an advisor to the company. The filing shows he had not fully divested from the company nearly 11 months into Trump's second term. While the filing was recently released, it doesn't indicate whether Hassett still holds the shares as it covers only 2025.

Three days after taking office in 2025, Trump established the President's Working Group on Digital Asset Markets within the NEC. His executive order included Hassett's White House position or a designee as a member and required the group's final recommendations to reach Trump through Hassett's office.

The group, chaired by the then-White House crypto advisor David Sacks, went on to propose sweeping regulatory changes to digital-asset markets, banking, stablecoin and taxation. The administration has also reversed Biden-era crypto policies, created a government bitcoin reserve and pushed Congress toward a broader federal regulatory framework.