Trump Defends Substantial Cryptocurrency Earnings as "Entirely Appropriate"

Deep News07-03 09:11

Following a financial disclosure revealing his family business generated massive income from cryptocurrency operations, former U.S. President Donald Trump stated on Thursday that he is unaware of the exact size of his digital asset holdings but insisted there is nothing improper about his involvement.

Earlier this week, Trump disclosed earning at least $14 billion in 2025 from companies related to cryptocurrency and meme coins. When asked in an interview about his knowledge of these crypto investments, Trump, who has handed over business operations to his eldest and second sons, responded.

"I could have known about it," Trump said during the White House interview. "But I didn't."

The financial disclosure report indicates Trump received approximately $594 million from World Liberty Financial, which he co-founded with his sons, about $636 million from his meme coin business, and nearly $197 million from equity sales related to Stablecoin Holdco.

"There's nothing illegal about it, nothing wrong," Trump said regarding his dealings with the family enterprise.

Once skeptical of cryptocurrency, Trump became a vocal advocate for the industry during the 2024 election campaign. Since returning to the White House, he has promoted policies and legislation viewed as favorable to crypto investors.

The financial disclosures have intensified concerns among critics who argue that Trump, by not divesting assets while serving as president, may be leveraging his role for personal gain. Opponents frequently accuse him of conflating official duties with private financial interests.

In the interview, Trump stated his goal is to ensure American dominance in the cryptocurrency sector.

"Look at its journey over the years, some believed in it, some didn't, but regardless, it's a big deal. Whatever we do, I want to be first, and we are first in crypto," Trump said.

He expressed sympathy for his children, noting that his public office impacts their business operations and creates perceptions they might have insider information.

"In that sense, it's very difficult. I tell the kids: stay away from it as much as possible. But they have their own lives," Trump said.

The financial disclosure document, released by the U.S. Office of Government Ethics on Tuesday, details over 680 pages of transactions, including stock trades involving companies like Amazon and Apple.

Nvidia, Microsoft, Netflix, and Exxon Mobil were among the most frequently traded stocks in his investment portfolio.

Trump claimed he does not communicate with the individuals managing his investments.

"I made a lot of money, much more than I ever thought I could make. I give the money to people to invest," he added. "I don't even know who they are. But it goes to big companies."

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