SBA Administrator Kelly Loeffler's financial disclosure reveals that her husband, Intercontinental Exchange CEO Jeffrey Sprecher, holds a stake in Executive Branch LLC valued between $250,001 and $500,000. This asset had not been previously disclosed. The Executive Branch club, located in Washington's Georgetown neighborhood, operates on a strict invitation-only basis and was co-founded by Donald Trump Jr. It brings together business leaders and Trump loyalists, forming an exclusive network. There is currently no evidence that this membership interest has influenced Loeffler's official duties, federal policy-making, or granted Sprecher or his company special treatment. The SBA has clarified that the club asset belongs to Sprecher personally, and Sprecher has not responded to media requests for comment.

Loeffler's annual personal financial disclosure statement shows that her husband, the billionaire CEO of Intercontinental Exchange, which owns the New York Stock Exchange, holds an interest in the high-end private club Executive Branch LLC. This club, co-founded by Donald Trump Jr., has a high barrier to entry. The disclosure values Sprecher's stake in Executive Branch LLC between $250,001 and $500,000, with the upper limit matching the previously reported $500,000 initial membership fee. The full 45-page financial disclosure document, obtained by requesting access from the Office of Government Ethics, shows that the annual income from this stake is no more than $201. This low return is consistent with the equity-based membership model of such clubs, where membership fees are essentially an investment in the club's equity, not a profit-seeking venture. The information was reported in the spouse's employment, income, assets, and retirement accounts section.

SBA spokesperson Caitlin O'Dell stated in an official response, "The filing notes that this asset is held by Administrator Loeffler's spouse." She did not dispute the interpretation of the report nor provide any further explanation regarding the stake. When directly asked if Sprecher is a club member, she did not respond. Sprecher himself declined media interviews. White House AI and cryptocurrency czar David Sacks, previously confirmed as a founding member of the club, told The New Yorker that the founders' goal was to create a trendy, high-end social space aligned with the Trump camp. The club is invitation-only: prospective members must be recommended by existing members, pass a thorough background check, and upon approval, pay a $500,000 initiation fee plus annual dues, as detailed in the club's bylaws on file.

Loeffler's filing is the first to publicly reveal the link between a senior Trump administration official's family member and Washington's top private networking circle. Loeffler also disclosed another significant investment: equity in SpaceX and AI company xAI, valued between $1 million and $5 million. Citing venture capital database PitchBook, Reuters estimated that this investment in SpaceX, at the time of a June 2025 listing, would be worth between $2.2 million and $25.4 million. Loeffler, a former U.S. Senator from Georgia, took charge of the SBA in 2025, overseeing federal loan guarantees and support programs for millions of small businesses across the country. Meanwhile, Sprecher's Intercontinental Exchange operates several major stock exchanges, clearinghouses, and financial data services, making its business directly subject to federal economic regulations and policies. Based on all publicly available information, there is no evidence that this club membership has interfered with Loeffler's duties at the SBA, influenced federal policy, or secured favorable treatment for Sprecher or Intercontinental Exchange.

The Executive Branch club previously told the Washington Post that its purpose is to provide a private meeting space for political and business acquaintances, free from media scrutiny, and explicitly denied being a channel for buying influence at the White House. Membership is open to corporate executives, investment firms, and Trump political allies. The club's rules bar journalists and lobbyists from entering the premises unless they sign a strict non-disclosure agreement. The club did not respond to interview requests for this story. Located in Georgetown, the club features a restaurant, bar, lounge, and boardroom. The five founding members include Donald Trump Jr., 1789 Capital co-founders Omid Malik and Chris Buskirk, and the two sons of Trump Middle East envoy Steve Witkoff, Alex Witkoff and Zach Witkoff. Other publicly listed founding members include venture capitalist Chamath Palihapitiya, cryptocurrency tycoons Tyler and Cameron Winklevoss, and longtime Trump fundraiser and lobbyist Jeff Miller. Malik told the Washington Post ahead of the club's 2025 opening, "We formed deep bonds during the 2024 presidential campaign and wanted a fixed place to gather when we visit Washington." According to Axios, the club's opening party last year was a star-studded event, attended by numerous high-ranking officials: Secretary of State Marco Rubio, then-Attorney General Pam Bondi, then-Director of National Intelligence Tulsi Gabbard, White House Press Secretary Karoline Leavitt, and the heads of the SEC, FTC, and FCC. Malik added, "Washington has few high-end social options for Republicans. We needed a private space where we could talk freely without worrying about our conversations ending up in the next day's news."