Report: Top Trump Officials Tied To Billions In Crypto Investments May Have Benefited from Administration’s ‘Strategic Bitcoin Reserve’ Rollout

WASHINGTON, D.C. – On the heels of the first ‘White House Crypto Summit’ where President Trump signed an executive order establishing a “Strategic Bitcoin Reserve”, a new analysis from government watchdog Accountable.US reveals that the family business of Howard Lutnick – the billionaire Trump Commerce Secretary and public face of the effort – holds over $1.5 billion in Strategy, the largest corporate holder of Bitcoin in the world and is set to be a major beneficiary of the admin’s crypto policy announcements. As first reported by CNN, Accountable.US also found several other senior Trump officials, including members of Trump’s cabinet and major nominees, have disclosed sizable cryptocurrency investments that could have swelled by as much as $925,000 in the hours after Trump’s unprecedented, federal crypto strategy announcement on March 2nd, which quickly made cryptocurrency values “surge”.

Ahead of its official announcement, Trump’s crypto strategic reserve effort was sharply criticized by industry experts as a “gift to the industry,” “open corruption,” and possibly a “blatant insider trading scam” to make billionaire White House crypto czar David Sacks even richer, Accountable.US called on lawmakers to consider proposing a ban on executive branch officers from owning/holding cryptocurrency and stocks, similar to the active legislation seeking restrictions on stock trading by members of Congress.

At the same time many in the Trump administration are poised to gain substantial riches on their own government crypto policy, the Trump budget plan outlines painful cuts against everyday Americans including gutting cancer research, Medicaid coverage for millions, food aid for vulnerable seniors — and Trump’s rollercoaster tariff threats could ultimately skyrocket costs on everything from groceries to cars to housing. 

“While working people keep waiting for a single specific policy from the president to deal with exploding costs, his administration instead hatched an official crypto policy scheme that could conveniently enrich many top Trump officials,” said Accountable.US Executive Director Tony Carrk. “While these wealthy White House insiders game the government to their own ends, the Trump budget plan demands less food, health and financial security for millions of working families, seniors, children and veterans to pay for another wasteful tax break for billionaires and price-gouging corporations. Meanwhile, the Trump administration is now more susceptible to corrupting influence from sketchy special interests and foreign adversaries than ever before, unless Congress finds the courage to act.”  

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