🚨 🚀Breaking: Trump’s Top Economic Advisor Reveals $5M Coinbase Stake – What It Means for Crypto Policy🚀 🚨
Kevin Hassett, Director of the National Economic Council under Trump, just disclosed a $1M–$5M stake in Coinbase earned through his advisory role on the exchange’s regulatory council. The revelation sparks debate:
🔹 Crypto Ties Deepen: Hassett’s position gives him direct influence over U.S. digital asset policy, including Trump’s new *crypto-friendly working group. Critics question conflicts of interest as he holds vested shares while shaping regulations.
🔹 Industry Alignment: With $50K+ earned from Coinbase and ties to ex-SEC Chair Jay Clayton, Hassett’s portfolio signals strong pro-crypto leanings potentially accelerating innovation-focused rules.
🔹 Ethics Gray Zone : Unlike cabinet members, White House advisors face no mandatory divestment. As OGE leadership churns, transparency concerns grow.
Bottom line: A high-stakes intersection of policy and personal investment. Will this fuel trust in crypto’s D.C. rise or scrutiny? 🤔 #CryptoPolicy #Coinbase
(Sources: Bloomberg, CoinDesk, The Block)