Trump says there is ‘nothing wrong’ with family’s crypto windfall

Policy Trump says there is ‘nothing wrong’ with family’s crypto windfall The president reported at least $1.4 billion in crypto income for 2025. He told CNBC he did nothing illegal and was not aware of the extent of his holdings. Critics say he is profiting from the office while his administration writes the industry's rules. By Shaurya Malwa | Edited by Sheldon Reback Jul 3, 2026, 12:04 p.m. 1 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on President Donald Trump (Tom Brenner/Getty Images) Summary Show President Trump defended the more than $1.4 billion he earned from crypto-related ventures last year, saying in a White House CNBC interview that there was “nothing wrong” or illegal about the income and that he wants the U.S. to lead in digital assets. Disclosures show Trump became the largest crypto earner in U.S. politics, with hundreds of millions tied to a self-branded memecoin, the World Liberty Financial platform he co-founded with his sons, and a stablecoin venture linked to Abu Dhabi's Sheikh Tahnoon bin Zayed Al Nahyan. President Donald Trump said there is 'nothing wrong' with the money his family has made in crypto, responding to financial disclosures that showed he earned at least $1.4 billion from the industry last year. Asked in a CNBC interview on Thursday at the White House whether he knew about the ventures, Trump said "I could know about it. I didn't." He said that there was nothing illegal about his involvement and that his goal was for the U.S. to lead in crypto. Trump handed day-to-day control of his businesses to his two eldest sons before taking office, and did not divest his assets. The disclosure, released this week by the federal Office of Government Ethics, made Trump the largest crypto earner in U.S. politics. It showed about $636 million tied to his eponymous memecoin, which was launched on the eve of his return to office, roughly $594 million from World Liberty Financial, the crypto firm he co-founded with his sons and nearly $197 million from a stablecoin venture. The windfall has grown even as the market turned. Bitcoin is down roughly 50% from the record above $126,000 it set in October, and the sector has spent the first half of the year in a slump. Read more: Trump's World Liberty Financial uses 5 billion WLFI to borrow $75 million from a platform its adviser co-founded Donald Trump Latest Crypto News 1 Bitcoin whales bought $16.7 billion of bitcoin in 2 weeks even as ETFs bled a record $4 billion 19 minutes ago 2 Bitcoin, ether traders aren't fully buying the bounce, options markets show 37 minutes ago 3 Crypto bulls on firmer footing as U.S. rate-hike risk recedes 53 minutes ago 4 Memory and semiconductor stocks lose momentum, bitcoin rebounds in sign of changing investor focus 1 hour ago 5 Tokenization could make finance faster, but also more susceptible to shocks, IMF says 2 hours ago 6 Live updates: Bitcoin rises above $61,000 as the red hot semiconductor trade starts to fade 4 hours ago 7 Binance says MiCA should be judged by who it licenses, not who it excludes 5 hours ago 8 Finally. $221 million flow into Bitcoin ETFs, ending a painful 10-day outflow streak 6 hours ago 9 XRP bulls test path back toward $1.10 as token zips 4% higher 6 hours ago 10 Ether and solana extend gains as a short squeeze lifts bitcoin toward $62,000 6 hours ago Latest Research Building the Zcash Machine: Tachyon and Quantum Readiness Building the Zcash Machine: Tachyon and Quantum Readiness Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. By CoinDesk Research Jun 30, 2026 Commissioned by GenZcash Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. Why it matters : Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. View Full Report More From Policy Binance says MiCA should be judged by who it licenses, not who it excludes US Treasury sanctions over 100 ISIS-K crypto addresses that moved over $1.4 million Three years after MiCA became law, Europe's crypto framework is undergoing a rethink