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Trump's 2025 disclosure showed he traded Coinbase and Robinhood stock repeatedly after his SEC dropped enforcement cases against both

Trump's 2025 annual financial disclosure, released June 30, 2026 by the U.S. Office of Government Ethics, shows the president purchased Coinbase and Robinhood stock on January 29, 2025 — weeks before his SEC dismissed its enforcement cases against both companies in late February 2025 — then traded both repeatedly for the rest of the year. The filing records 15 Coinbase purchases ($310,000–$875,000 combined) and 8 sales ($334,000–$760,000) between March and December 2025, 12 Robinhood purchases ($359,000–$910,000), and roughly $2.33 million in validator rewards through two Coinbase staking agreements.

Part of: Trump Self-Dealing: Personal Financial Holdings Benefiting from Administration Decisions

Jurisdiction
Federal
Location
Washington, D.C.

Abuses documented

Actors

On June 30, 2026, the U.S. Office of Government Ethics released President Donald Trump's 2025 annual financial disclosure, which shows he bought and repeatedly traded stock in Coinbase and Robinhood — two companies whose pending SEC enforcement matters his own administration dismissed early in his term. The form records one purchase each of Coinbase and Robinhood stock dated January 29, 2025. Within a month, the SEC closed its investigation into Robinhood Crypto (February 21, 2025) and dismissed its civil suit against Coinbase (February 27, 2025), which had accused the company of operating as an unregistered securities exchange, broker, and clearing agency [1].

The disclosure shows the trading then accelerated. From March to December 2025, Trump's investment accounts bought Coinbase stock 15 times (a combined $310,000–$875,000) and sold it 8 times ($334,000–$760,000); they bought Robinhood stock 12 times ($359,000–$910,000) and sold $31,000–$115,000 in shares [1][2]. The filing also reports $510,808 in validator rewards through one Coinbase staking agreement and $1,821,628 in validator compensation through another, plus dividends and up to $16,000 in Coinbase capital gains [1][2]. A statutory carve-out exempts the president from the federal conflict-of-interest trading ban that applies to most executive-branch officials.

The White House denied any conflict of interest, saying Trump's assets are held in "fully discretionary accounts managed by independent third-party financial institutions" and that Trump does not personally manage his portfolio [1][3]. The same disclosure separately reported roughly $1.4 billion in cryptocurrency-venture income, recorded in this archive as its own entry (federal-monetizing-office-1a7a7262); the present entry documents the distinct securities-trading pattern in the two companies his SEC released from enforcement.

Updates

2026-07-10 -- Senate Democrats called for hearings into Trump's crypto holdings [4]

Senate Democrats led by Sen. Elizabeth Warren formally called for hearings and investigations into Trump's crypto holdings and foreign investors following this disclosure.

Why we recorded this

A core anti-corruption norm holds that government officials must not profit from companies their own official decisions can move — the reason federal law bars most officials from trading in businesses affected by their work. The president's annual ethics disclosure shows he bought Coinbase and Robinhood stock, his own SEC then dropped its enforcement matters against both companies, and he went on to trade both stocks repeatedly while collecting millions in Coinbase staking income. A statutory carve-out exempts the president from the trading ban, so the filing itself broke no law; we record this because trading in the very companies one's administration releases from enforcement collapses the boundary between public regulatory power and private gain.

Sources

  1. Trump made money, bought up stock from crypto companies after his SEC dropped cases against them — Washington Examiner investigative accessed July 9, 2026
  2. Donald J. Trump — 2026 Annual Public Financial Disclosure (OGE Form 278e) — U.S. Office of Government Ethics (via Washington Examiner) primary accessed July 9, 2026
  3. President Trump Discloses Coinbase, Robinhood and Bitcoin Mining Stock Trades — Yahoo Finance (Decrypt) secondary accessed July 9, 2026
  4. Senate Democrats want hearings on Trump's crypto holdings and foreign investors — CNBC secondary accessed July 11, 2026

See also