Coinbase (COIN) has surged 29.98% to $259.17 in the last 30 days. Contributing to the positive run, there have been revelations that Kevin Hassett, President Trump’s National Economic Council director, holds a substantial stake in the cryptocurrency exchange worth between $1-5 million.
Trump’s Economic Official Reveals Coinbase Stake
Hassett has disclosed holding Coinbase shares worth between $1 million and $5 million according to his federal financial disclosure released by the Office of Government Ethics.
The vested stock position stems from Hassett’s advisory role with the cryptocurrency exchange before joining the Trump administration in January.
Hassett’s financial disclosure shows total assets worth at least $7.6 million, with the Coinbase holdings constituting a substantial portion of his investment portfolio. The disclosure document remains in draft form.
Prior to his current role, Hassett received $50,001 in salary from Coinbase for serving on the Academic and Regulatory Advisory Council.
It is a board that included other Trump-connected figures such as Jay Clayton, former SEC chair and current acting US attorney for the southern district of New York, and Courtney Elwood, former CIA general counsel.
The disclosure does not indicate whether Hassett will be required to divest his Coinbase shares to avoid conflicts of interest.
While officials requiring Senate confirmation must detail ethics agreements, White House team members without confirmation requirements face different disclosure standards.
Hassett’s employment income totaled $1.5 million over slightly more than a year before his NEC appointment.
This includes positions at Stanford University’s Hoover Institution and the Milken Foundation, plus $471,000 in speaking fees from organizations including Goldman Sachs and CitiGroup.
COIN Up 30% In 30 Days Amid Regulatory Optimism
Coinbase stock has posted strong performance over the past month. It has climbed approximately 30%. The stock currently trades at $259.17, with a previous close of $258.91 and a daily trading range between $257.00 and $261.56. The year-to-date range shows Coinbase has fluctuated between $142.58 and $349.75.
Source: COIN stock performance, Google
In May 2025, Coinbase formally joined the S&P 500 index, taking Discover Financial Services’ place. The stock price surged sharply as a result of its inclusion.
Coinbase’s positive trajectory contrasts with broader market conditions affecting other cryptocurrency-related equities.
The exchange’s position as a leading regulated crypto platform in the US has positioned it to benefit from clearer regulatory frameworks and institutional adoption trends.
Despite the exchange facing a setback due to the customer data breach, the COIN stock has been performing relatively well. The data breach was also linked to customer data leak in India.
Crypto Stocks See Mixed Performance
Coinbase’s strong performance stands out among crypto stocks, which have shown mixed results in recent trading sessions.
According to Google Finance data, several major cryptocurrency and blockchain-adjacent companies have posted declines while Coinbase maintains its upward momentum.
Mara Holdings (MARA), a Bitcoin mining company, declined 1.95% in the last 24 hours, showing challenges in the mining sector.
Block Inc., the payments company with cryptocurrency exposure, fell 0.72%, while MicroStrategy (MSTR), known for its substantial Bitcoin treasury holdings, dropped 1.46%. CME Group (CME), which offers cryptocurrency futures trading, also declined 1.5%.
Source: HOOD stock performance, Google
In contrast to these crypto stock declines, Robinhood (HOOD) managed a modest gain of 0.54%, though this pales in comparison to Coinbase’s substantial advance.
The difference in performance among crypto stocks suggests investors are making selective bets within the sector rather than broadly embracing all cryptocurrency-related equities.
This selective performance pattern indicates that not all crypto stocks benefit equally from positive regulatory developments and market sentiment.
