New ethics filings show President Donald Trump has been quietly trading crypto-linked stocks alongside a sprawling portfolio of mainstream equities — and those trades are now public.
What was filed
- Two 278-T reports submitted Thursday to the U.S. Office of Government Ethics disclose securities purchases and sales made on behalf of the filer (listed as President Trump) or their spouse or dependents. Form 278-T is the disclosure used to report securities transactions over $1,000.
- The filings span more than 100 pages and list more than 3,000 trades. A late fee was assessed and paid for the filings.
Scale and scope
- The transaction ranges reported vary widely, from small trades of $1,001–$15,000 up to large transactions in the $1 million–$5 million band. The largest entries are in major public companies such as Nvidia (NVDA) and Amazon (AMZN).
- Intermixed with those blue-chip positions are purchases in crypto-related equities, including Coinbase (COIN), Robinhood (HOOD), and bitcoin miners MARA Holdings (MARA) and Cleanspark (CLSK).
Crypto-related highlights
- The largest single crypto-connected entry on the reports was a Feb. 10 purchase of Coinbase shares in the $100,001–$500,000 range. About a month later another Coinbase buy appeared in the $50,001–$100,000 band.
- A March 17 purchase of Robinhood shares was the only other crypto brokerage-related trade to exceed the $100,000 threshold. Trades in miners Mara and Cleanspark are reported at smaller sizes, between $15,001 and $50,000.
Context and response
- The disclosures come amid ongoing scrutiny of the Trump family’s crypto involvement; separate reporting has suggested the family realized more than $1 billion in crypto profits by October 2025. In response, a Trump Organization spokesperson told Decrypt that the president and his family do not direct the trades listed in the filings.
- “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,” the spokesperson said. “Neither President Trump, his family, nor the Trump Organization plays any role in selecting, directing, or approving specific investments.”
Policy backdrop
- The filings arrive as lawmakers debate ethics language tied to the Clarity Act, a high-profile crypto bill. Provisions limiting the president’s personal crypto ventures were a sticking point, but the Clarity Act nevertheless passed the Senate Banking Committee on Thursday without a firm ethics agreement in place.
Why it matters
- The documents illuminate how crypto exposure — from exchanges and brokerages to miners — is woven into a broader, actively traded portfolio tied to the president. Whether those positions were selected by outside managers or influenced by other factors, the disclosures will sharpen questions about transparency, potential conflicts, and how crypto policy and personal holdings can intersect at the highest levels of government.
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