Trump's "Crypto Squad" Holdings Revealed: Wenz's BTC Maximalism vs. Musk's Meme Coin Fervor

Original Article Title: "Revelation of Cryptocurrency Holdings by Trump Administration Officials, BTC Still the Top Choice for Many"

Original Article Author: Wenser, Odaily Planet Daily

Recently, after a vote, the U.S. Senate officially confirmed Paul Atkins, nominated by Trump, as the SEC Chairman. From now on, the key government officials of the Trump administration in this term have been essentially confirmed, and this group of people will also become key figures in the next 4 years that will influence the political, economic situation in the U.S., and even the global cryptocurrency market.

Therefore, although major Trump administration officials are subject to constraints from the U.S. Office of Government Ethics, the cryptocurrency holdings of many may still be a key factor influencing future regulatory policies and favorable conditions for cryptocurrency projects. Based on this, Odaily Planet Daily will organize the cryptocurrency holdings of key figures in this article for readers' reference.

Vice President Vance: Focused on BTC

According to a previous report by Business Insider, the current U.S. Vice President JD Vance disclosed personal financial information for 2023 in August 2024, showing that Vance himself holds assets of about 4 million U.S. dollars; among which, the related cryptocurrency assets are around 250,000-500,000 U.S. dollars, all in Bitcoin.

In addition, index funds related to cryptocurrency, as well as cryptocurrency asset management company funds, are also included.

Vance Personal Financial Disclosure Information

White House AI and Crypto Chief David Sacks: Formerly Held BTC, ETH, SOL, BITW, Now Sold

A White House memorandum shows that U.S. AI and cryptocurrency affairs chief David Sacks sold over $200 million in digital asset-related investments before taking office through personal and his company Craft Ventures, with about $85 million in income belonging to him personally, including Bitcoin, Ethereum, Solana, and Bitwise 10 Crypto Index Fund (BITW), and sold shares in Coinbase (COIN) and Robinhood (HOOD).

In addition, he exited investments in Multicoin Capital, Blockchain Capital, and Bitwise Asset Management, and began to gradually divest holdings in some private digital asset companies. Furthermore, Sacks still holds equity in some of Craft Ventures' funds, which invest in companies such as BitGo and Lightning Labs. These investments are difficult to fully exit due to liquidity restrictions and account for less than 3.8% of his total investment assets.

The above information has also been confirmed and responded to by David Sacks himself. Multicoin Capital Managing Partner Kyle Samani and Bitwise CEO Hunter Horsley have also provided corresponding explanations.

SEC Chairman Paul Atkins: Indirect BTC Holdings

According to crypto KOL @0x_Todd's post, it is preliminarily estimated that Paul Atkins' crypto-related assets are around $2-6 million. The Off The Chain Capital fund he invested in follows a Bitcoin strategy (focused on Bitcoin's low price investment opportunities, such as Grayscale's debt, Bitcoin mining machines, Bitcoin leverage, etc.), hence indirectly holding Bitcoin.

In addition, he also holds shares in the crypto company Securitize and the only crypto bank in the United States, Anchorage Digital, with assets totaling around $250-500k.

U.S. Treasury Secretary Scott Bessent: Holds IBIT

U.S. Treasury Secretary Scott Bessent's personal financial disclosure filed in August 2024 showed that his total financial assets amount to approximately $521 million.

Comparatively, his crypto assets only include holdings of the Bitcoin spot ETF IBIT, with assets totaling around $250-500k, accounting for less than 0.1% of his total assets.

Furthermore, his investment portfolio includes crypto-related assets such as the SPDR S&P 500 Trust Fund (SPY), Invesco QQQ Trust Fund (QQQ), valued at over $100 million.

Holdings Information Source

U.S. Commerce Secretary Howard Lutnick: Holds 5% of Tether Shares and Some BTC

According to the financial disclosure documents released by the U.S. Office of Government Ethics (OGE), current U.S. Commerce Secretary Howard Lutnick disclosed his crypto assets and related investment details in a report submitted on January 24, 2025.

Previously, he had made it clear that he holds Bitcoin and sees it as a "global free trading asset" similar to gold; his firm Cantor Fitzgerald is a major partner of stablecoin issuer Tether, overseeing approximately $39 billion in U.S. Treasury bonds. According to earlier reports, Lutnick plans to transfer the company's Tether relationship to his son Brandon Lutnick.

Additionally, Cantor Fitzgerald is reported to hold a 5% stake in Tether, valued at around $6 billion; Cantor Fitzgerald had also planned last year to launch a Bitcoin lending business, providing up to $20 billion in leveraged support to Bitcoin investors.

DOGE Division Head Musk: BTC and DOGE

As a "star player" in the current Trump administration, Musk's crypto holdings have always been a focus of the market's attention.

According to Arkham platform data, on March 7, Musk's company Tesla's Bitcoin holdings increased to 11,509 coins, about 1,789 more coins than the 9,720 BTC balance reported in the last financial statement.

And back in November last year, Dogecoin UI designer DogeDesigner, who interacted frequently with Musk, shared an audio clip of Musk on X platform, in which Musk said, "I still hold a large amount of Dogecoin, and SpaceX still holds Bitcoin."

Tesla BTC Holding Information

Original Article Link