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White House economic chief held $1M-$5M in Coinbase shares amid crypto policy role, raising conflict concerns.

Market News
10 Sep 2026
CNBC
View Source
Neutral
White House economic chief held $1M-$5M in Coinbase shares amid crypto policy role, raising conflict concerns.

Kevin Hassett, director of the White House National Economic Council, held $1 million to $5 million in vested Coinbase shares at the end of 2025 while overseeing major cryptocurrency policy changes under President Trump. Despite recusing himself from crypto matters, ethics experts question whether this created a conflict of interest and limited his involvement in key crypto policy decisions. The Trump administration reversed prior crypto regulations and pushed for new federal frameworks, with Coinbase playing a central role. The White House maintains Hassett complied with ethics rules, but details on the practical impact of his recusal remain unclear.

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