Kevin Hassett, Director of the US National Economic Council, revealed ownership of Coinbase stocks valued between 1 million and 5 million USD. These shares are transferable stocks received during his time as a consultant for this cryptocurrency trading platform. This disclosure raises many questions about potential conflicts of interest when a high-ranking official holds significant shares in an influential cryptocurrency enterprise.
Hassett's 2024 financial report shows his income reached 1.5 million USD, including salary from Stanford University and the Milken Foundation, along with speaking fees from top financial institutions like Goldman Sachs and Citigroup. Although this draft document is public, it has not yet indicated whether Hassett will need to sell Coinbase stocks to avoid conflicts of interest, creating significant attention from investors and relevant regulatory agencies.
A powerful figure holding a large number of shares in a top cryptocurrency platform raises questions about transparency and fairness in financial governance and cryptocurrency policy. This also serves as a warning about the risk of personal economic interests potentially influencing public policy decisions in this complex financial technology field. The combination of diverse income and cryptocurrency development stock ownership partly reflects the economic depth and close relationship between politics and the current cryptocurrency market.
