Kevin Hassett’s Surprise Coinbase Fortune – Who Knew Economics Could Be So Lucrative?

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Ah, Kevin Hassett, the National Economic Council’s very own director, has just decided to sprinkle a little spice on his financial disclosure. Between $1 million and $5 million, if you please, in Coinbase Global Inc. – just a small fortune tucked away, as revealed by the federal Office of Government Ethics (OGE). How delightful! 🙄

This little nest egg comes from his advisory role with the U.S. cryptocurrency exchange. So, what does that make him? A bit of a crypto connoisseur? His total assets, dear reader, are reportedly a modest $7.6 million. A gentleman’s fortune, if you will. 💸

Before his illustrious NEC director role in January 2025, Hassett managed to rake in $1.5 million. A man of taste, no doubt. His earnings, of course, included cozy little stipends from Stanford University and the Milken Foundation. How perfectly academic of him. 🎓

But wait! There’s more. Our financial virtuoso also pocketed a mere $471,000 in speaking fees from big-name firms like Goldman Sachs, CitiGroup, and others. The man is practically a walking, talking investment bank. 🏦

And let’s not forget his *tiny* earnings of $50,001 from Coinbase. A modest sum for participating in their little Academic and Regulatory Advisory Council. Naturally, this circle includes several others who may or may not be *connected* to Trump. How very intriguing! 💼

Now, a small wrinkle. This draft financial disclosure is still awaiting the OGE’s stamp of approval. However, it doesn’t quite clear up whether Hassett needs to part with his Coinbase shares to avoid looking even more like a walking conflict of interest. But since he’s not a cabinet secretary, we can hardly expect full transparency, can we? 🤔

In an interesting twist, shortly after Trump took office, he signed an executive order to set up a digital asset markets working group. Yes, they’ve been cooking up plans to bolster the U.S. leadership in financial technology – as if it weren’t already a *bit* chaotic. 💻

The White House is taking its sweet time releasing financial disclosures during Trump’s second term. You might recall how, back in 2017, advisors like Jared Kushner had all their financial details out by March 31st. My, how things have changed. 😏

Of course, keeping track of the finances of Trump’s business-minded appointees is no easy feat. It’s a tangle of riches, stocks, and *complicated* portfolios. In fact, the OGE’s former leader, David Huitema, was shown the door in February 2025. Now, Jamieson Greer of the U.S. Trade Representative office is at the helm. One can only imagine the thrill of managing this circus. 🎪

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2025-06-04 12:37