Trump Administration Officials' Encrypted Holdings Revealed: BTC Remains the Top Choice
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Trump Administration Officials' Encrypted Holdings Revealed: BTC Remains the Top Choice
Vice President Vance turns out to be the poorest, with only $4 million in assets and less than $500,000 in crypto holdings.
Navigating Web3 tides with focused insightsText: Wenser
Recently, following a vote, the U.S. Senate has officially confirmed Paul Atkins, nominated by Trump, as chairman of the SEC. With this confirmation, most key government officials for Trump's current term have now been appointed, forming a group of individuals who will play a pivotal role in shaping the political and economic landscape of the United States—and the world—for the next four years, including influencing the cryptocurrency market.
Although these top officials are subject to restrictions from the U.S. Office of Government Ethics, their personal cryptocurrency holdings may still become one of the significant factors affecting future regulatory policies and favorable developments for specific crypto projects. Based on this, Odaily Planet Daily compiles below the relevant cryptocurrency-related asset positions of these key figures for readers' reference.
Vice President Vance: Focused on BTC
According to a previous report by Business Insider, JD Vance, the current Vice President of the United States, disclosed his 2023 personal financial information in August 2024, showing total assets of approximately $4 million. Among them, his related crypto assets amount to roughly $250,000–$500,000, all held in Bitcoin (BTC).
In addition, index funds tied to crypto assets and funds managed by crypto asset management firms are also listed in his portfolio.
Vance’s personal financial disclosure document
White House AI and Crypto Lead David Sacks: Previously Held BTC, ETH, SOL, BITW; Now Fully Exited
White House memo documents indicate that David Sacks, the U.S. lead on AI and cryptocurrency affairs, sold over $200 million in digital asset-related investments through himself and his firm Craft Ventures prior to taking office, with about $85 million going directly to him personally. These sales included holdings in Bitcoin, Ethereum, Solana, and the Bitwise 10 Crypto Index Fund (BITW), as well as shares in Coinbase (COIN) and Robinhood (HOOD).
Additionally, he has exited investments in Multicoin Capital, Blockchain Capital, and Bitwise Asset Management, and has begun gradually divesting stakes in certain private digital asset companies. However, Sacks retains some interests in funds under Craft Ventures, which are invested in companies such as BitGo and Lightning Labs. Due to liquidity constraints, these investments cannot be fully liquidated and represent less than 3.8% of his total investment portfolio.
This information has been confirmed by David Sacks himself, with corresponding statements provided by Kyle Samani, managing partner at Multicoin Capital, and Hunter Horsley, CEO of Bitwise.
SEC Chairman Paul Atkins: Indirect BTC Holdings
According to speculation by crypto KOL @0x_Todd, Paul Atkins’ crypto-related assets are preliminarily estimated to be between $2 million and $6 million. His investment in Off The Chain Capital fund follows a Bitcoin-focused strategy—targeting low-cost Bitcoin investment opportunities such as Mt. Gox claims, Bitcoin mining equipment, and Bitcoin leverage—thus holding Bitcoin indirectly.
In addition, he holds equity stakes in crypto firms Securitize and Anchorage Digital—the only licensed crypto bank currently operating in the U.S.—with those holdings valued at approximately $250,000–$500,000.
U.S. Treasury Secretary Scott Bessent: Holds IBIT
The personal financial disclosure filed by U.S. Treasury Secretary Scott Bessent in August 2024 shows that his total financial assets amount to approximately $521 million.
In comparison, his crypto assets consist solely of the spot Bitcoin ETF IBIT, valued at around $250,000–$500,000, representing less than 0.1% of his total personal wealth.
His portfolio also includes other crypto-related assets such as the SPDR S&P 500 Trust Fund (SPY) and Invesco QQQ Trust Fund (QQQ), collectively worth over $100 million.
Source of holding information
U.S. Secretary of Commerce Howard Lutnick: Holds 5% Stake in Tether and Some BTC
According to financial disclosure documents released by the U.S. Office of Government Ethics (OGE), Howard Lutnick, current U.S. Secretary of Commerce, disclosed details of his crypto assets and related investments in a report submitted on January 24, 2025.
Prior to this, he had clearly stated that he holds Bitcoin, viewing it as a globally tradable asset akin to gold. His company, Cantor Fitzgerald, is a major partner of stablecoin issuer Tether and manages approximately $39 billion in U.S. Treasuries. Previous reports indicated that Lutnick plans to transfer oversight of the company's Tether business relationship to his son, Brandon Lutnick.
Moreover, it was reported that Cantor Fitzgerald holds a 5% equity stake in Tether, valued at approximately $600 million. Last year, the firm also planned to launch a Bitcoin financing business offering up to $2 billion in leveraged funding support for Bitcoin investors.
DOGE Department Head Musk: BTC and DOGE
As a "star player" in Trump’s current administration, Elon Musk’s cryptocurrency holdings have long been a focal point for market attention.
According to data from Arkham, on March 7, Tesla—under Musk’s leadership—increased its Bitcoin holdings to 11,509 BTC, up approximately 1,789 BTC from the previous financial report showing a balance of 9,720 BTC.
Back in November last year, DogeDesigner, the UI designer for Dogecoin who frequently interacts with Musk, shared an audio clip of Musk on X, in which Musk stated: “I still hold a large amount of Dogecoin, and SpaceX still holds Bitcoin.”
Tesla’s BTC holdings information
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