Recent federal ethics filings have unveiled that President Donald Trump, alongside key members of his administration, engaged in substantial trading of crypto-related stocks during the first quarter of 2026. This trading activity comes at a time when Trump is intensifying pro-crypto policies from the White House.
The disclosures, filed on Form 278-T—which government officials must use to report securities transactions above $1,000—indicate that Trump executed trades totaling between $220 million and $750 million from January to March 2026. Notably, the filings do not specify exact dollar amounts or disclose profits and losses, which leaves some ambiguity regarding the precise scale of these investments.
Among the crypto-centric stocks featured in the filings are Coinbase, MARA Holdings, and Strategy. There were nine separate purchases of Coinbase shares, with one transaction dated February 10 valued between $100,001 and $250,000. MARA Holdings saw two recorded purchases, each under $50,000, while eight transactions involving Strategy were noted, including both buys and sells.
Additionally, other notable companies such as Robinhood, SoFi Technologies, and Block were mentioned in the filings, although specific value ranges for these trades were not disclosed.
The crypto-related trades constitute a smaller portion of the overall disclosures, which also included significant trades in major tech companies like Microsoft and Nvidia. It appears that Trump’s assets are managed through a family trust overseen by his children, and some trades may have been executed by brokers rather than Trump himself.
A comprehensive analysis revealed that nearly 70 officials and nominees from Trump’s administration collectively hold over $193 million in crypto and blockchain assets. Trump himself reported personal holdings amounting to at least $51 million in digital currencies. Among his administration, Vice President JD Vance disclosed holdings of between $250,000 and $500,000 in Bitcoin, while Health Secretary Robert F. Kennedy Jr. reported between $1 million and $5 million. Ken Howery, nominated as ambassador to Denmark, leads the pack with at least $122 million in digital assets.
The actual total of crypto holdings across the administration could be higher, as the filings utilize ranges instead of precise figures.
Since his inauguration, Trump has taken notable steps regarding cryptocurrency regulations, including signing an executive order that prohibits the establishment of a U.S. central bank digital currency. Furthermore, he instituted a Strategic Bitcoin Reserve, consolidating over 328,000 BTC, currently valued at approximately $26 billion.
In a striking policy shift, Trump directed the SEC to pause or drop litigation against several crypto firms, marking a significant departure from the enforcement approach seen under the previous administration. This shift is further underscored by the actions of officials within his administration who also possess regulatory authority over the crypto sector. Bill Pulte, heading the Federal Housing Finance Agency, recently instructed Fannie Mae and Freddie Mac to begin counting crypto as assets in loan-risk assessments.
As the crypto landscape continues to evolve, these developments signify a pivotal moment not only for Trump’s administration but also for the broader adoption of digital assets in mainstream finance.
