Trump and Administration Officials Engage in Heavy Crypto Trading

Federal ethics filings have shed light on the financial transactions of President Donald Trump and his administration during the first quarter of 2026. The disclosures, made using Form 278-T documents, reveal that the President and his officials engaged in significant trading activity in crypto-related stocks.

The reported trades cover a period from January to March 2026 and include purchases and sales of shares in companies such as Coinbase, MARA Holdings, and Strategy. The total value of these transactions is estimated to be between $220 million and $750 million. However, the exact dollar amounts are not disclosed due to the use of ranges rather than specific figures.

Among the officials with crypto holdings are several high-ranking members of Trump's administration, including Vice President JD Vance and Health Secretary Robert F. Kennedy Jr. The latter listed between $1 million and $5 million in digital assets. Ken Howery, nominated as ambassador to Denmark, tops the list with at least $122 million in digital assets.

The filings also reveal that nearly 70 Trump administration officials collectively hold over $193 million in crypto and blockchain-linked assets. President Trump's family trust holds a majority stake in World Liberty Financial, a DeFi venture that has become one of his top income sources. The TRUMP meme token, launched in January 2025, briefly reached a market cap of around $8.7 billion before losing most of its value.