Top White House Adviser Tim Wu Holds Millions in Bitcoin: Report

White House antitrust adviser Tim Wu holds bitcoin and filecoin, according to a recent financial disclosure.

Jun 8, 2021 at 2:44 a.m. UTC
Updated Sep 14, 2021 at 1:07 p.m. UTC

Tim Wu, one of the White House's top technology advisers and anti-trust experts, currently holds millions in bitcoin and FIL, according to a report by Politico on Monday.

The report cites a personal financial disclosure that Wu recently filed and estimates he owns between $1 million and $5 million in bitcoin. The adviser also has between $100,001 and $250,000 in FIL, the native coin of the digital storage and data retrieval platform Filecoin.

U.S. President Joe Biden appointed Wu in March as special assistant for technology and competition policy at the National Economic Council. Before his term, he taught at Columbia Law School, though he has also had stints at the Federal Trade Commission and National Economic Council (in a different role) under former President Barack Obama.

The adviser has long been a critic of the power Big Tech companies possess, having written numerous academic papers about information, communication platforms and the internet as well as a few books. He coined the term "net neutrality" in 2002.

While posted as a top government official, Wu has recused himself from "any particular matters involving bitcoin or cryptocurrency" in general due to his financial interests, an anonymous official told Politico.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
How the US Can Establish Itself as a Crypto Leader

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

CoinDesk - Unknown
2
CoinDesk - Unknown
No, the UK Is Not Going to Make USDC and USDT Legal Tender

For “legalize” read “regulate.”

For “legalize” read “regulate.”

CoinDesk - Unknown
3
CoinDesk - Unknown
Thoughts From Davos

The crypto industry showed up in force at the World Economic Forum’s annual meeting.

The crypto industry showed up in force at the World Economic Forum’s annual meeting.

CoinDesk - Unknown
4
CoinDesk - Unknown
Bitso, primer unicornio cripto de América Latina, despide a 80 empleados

El exchange, que tenía más de 700 empleados antes de los recortes, cuenta con cuatro millones de usuarios en la región.

El exchange, que tenía más de 700 empleados antes de los recortes, cuenta con cuatro millones de usuarios en la región.

CoinDesk - Unknown