New ethics filings reveal that President Donald Trump’s involvement with cryptocurrency extends well beyond supportive policies, a meme coin, and a decentralized finance (DeFi) business. Recent filings show that the president is engaged in trading crypto-related equities, in addition to other financial activities.
The latest documents, filed with the U.S. Office of Government Ethics, include two separate 278-T forms, which were submitted last Thursday. These filings detail securities purchases or sales exceeding $1,000 made on behalf of the president, his spouse, or dependents. Notably, the president has incurred a late fee for the extensive report, which spans over 100 pages and outlines more than 3,000 securities trades.
While specific amounts for many trades are not disclosed, the filings indicate a wide range of trading values, from as low as $1,001 up to between $1 million and $5 million. Among the largest trades are investments in major public companies such as Nvidia and Amazon. However, the filings also highlight investments in crypto-related equities, including significant purchases of shares in leading American crypto exchange Coinbase and the traditional brokerage platform Robinhood.
The most substantial crypto-related trade mentioned in the filings is a purchase of Coinbase shares on February 10, valued between $100,001 and $500,000. About a month later, Trump reported another acquisition of Coinbase shares, this time in the range of $50,001 to $100,000. Additionally, a purchase of Robinhood shares on March 17 also surpassed the $100,000 mark. Other trades listed include smaller investments in Bitcoin mining companies such as Marathon Digital Holdings (MARA) and Cleanspark (CLSK), with trading values typically between $15,001 and $50,000.
Amid increasing scrutiny regarding the Trump family’s connections to cryptocurrency—allegedly generating over $1 billion in profits by October 2025—a spokesperson for the Trump Organization emphasized that neither the president nor his relatives have a direct role in the reported trades. The spokesperson stated, “President Trump’s investment holdings are maintained exclusively through fully discretionary accounts independently managed by third-party financial institutions with sole and exclusive authority over all investment decisions.” They reaffirmed that neither Trump, his family, nor the Trump Organization influence specific investment choices.
Concerns surrounding the president’s personal ventures into cryptocurrency account for part of the ongoing debate over the Clarity Act, a significant piece of legislation concerning the crypto industry. Despite the absence of a firm agreement on ethics language related to the Act, the bill successfully passed through the Senate Banking Committee on Thursday.
