Trump im Economic Adviser Kevin Hassett don show say e get $1–$5M for Coinbase, wey show say crypto power dey grow for U.S. government
Kevin Hassett, wey dem just make Director for U.S. National Economic Council under Trump second tenure, don show say him get personal money wey reach $1 million to $5 million for Coinbase, plus more than $50,000 wey him collect as pay from di exchange. Dis tori, wey comot from one draft document from U.S. Office of Government Ethics, dey happen as Hassett dey take important position to shape White House crypto policy, especially as dem dey push for crypto-friendly rules. Unlike cabinet members wey Senate don confirm, Hassett no need to sell him holdings. Him 2024 financial report also show say him earn $1.5 million from places like Stanford, Milken Foundation, Goldman Sachs, and Citigroup. Dis time dey match with Trump administration executive order to support crypto regulation and U.S. fintech innovation, wey put Hassett for di center of all dis effort. Apart from dat, Brian Quintenz, wey dem nominate to be CFTC chair, report say him get $3.4 million for crypto assets and don promise to sell dem once dem confirm him. All dis development show say government dey tie hand with crypto sector more, e fit cause conflict of interest, and e mean say regulatory reform for digital assets go speed up – wey be important tin for crypto traders wey dey look market and policy risks around Coinbase and crypto adoption generally.
Bullish
Dis news sweet well for Coinbase (COIN) and all dis crypto market general. Big big government people, like Kevin Hassett and Brian Quintenz, wey get direct hand for crypto and get plenty crypto for dem hand, dey influence how America go regulate crypto under Trump government. As dem dey appoint pro-crypto people and dem don even drop executive orders wey go push for better crypto rules, e show say dem don dey soft for digital money and make big companies join hand. Traders go fit see say regulatory risk go reduce and market support go plenty for crypto companies, especially Coinbase, for short term and long term. But, small small wahala about conflict of interest fit cause wahala, but e no fit over-shadow dis positive regulatory outlook wey dey now.