Things could get more complicated for some of Trump’s Cabinet nominees.

They will have to divest any of their assets if those assets present potential conflicts of interest central to their duties. A 2022 letter from the Office of Government Ethics (OGE) clarified that this rule also applies to digital assets.

"Certainly, you have a lot of people in this administration that are coming in that have interests in crypto," Ian Katz, managing director with Capital Alpha Partners, told Yahoo Finance. "They have an interest in crypto doing well and thriving, even if they have to divest holdings."

Kennedy disclosed in June 2023 that he owned between $100,001 and $250,000 worth of bitcoin.

Last July, while attending a bitcoin conference in Nashville, he told Yahoo Finance, "I put a lot of my personal wealth into it, and not particularly to make money but just because it's so well aligned with my values."