Kevin Hassett's $1M+ Coinbase Holdings Revealed

Kevin Hassett, Director of the U.S. National Economic Council, has disclosed his Coinbase Global Inc. holdings valued at a minimum of $1 million, according to Bloomberg. These holdings, categorized as vested stock, may be worth as much as $5 million, as financial disclosures typically provide a wide range of asset values. Hassett's total assets reportedly amount to at least $7.6 million. Additionally, he received $50,001 in salary from Coinbase's Academic and Regulatory Advisory Council, where he served alongside former SEC Chair Jay Clayton and former CIA General Counsel Courtney Elwood, both linked to President Trump. The disclosure did not indicate if Hassett must divest his Coinbase holdings to prevent conflicts of interest, highlighting a current issue. Previously, Hassett chaired the White House Council of Economic Advisers from 2017 to 2019 during Trump's first term and returned in 2020 to assist with economic strategies during the Covid-19 pandemic. He also participated in One River Digital Asset Management's advisory council, a crypto fund. In November, Trump appointed him to direct the National Economic Council. Following Trump's pro-crypto executive order, a digital asset market working group was established, proposing regulatory frameworks to enhance U.S. leadership in cryptocurrency and financial technology.