Trump Backs $1.2B Crypto Earnings Amid Scrutiny

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Critics contend that the value of Trump-linked tokens stemmed more from political access than investment fundamentals.

US President Donald Trump defended his family’s crypto earnings during a CNBC interview, saying there was “nothing illegal” and “nothing wrong” with the businesses generating billions of dollars while he serves in the White House.

He made the comments just days after new federal financial disclosures detailed the scale of his digital asset holdings and crypto-related income, renewing debate over whether a sitting president’s private business interests can coexist with public office.

Trump Defends Family Crypto Business After Disclosure
In the July 2 interview with CNBC’s Joe Kernen at the White House, Trump was asked about the massive windfall revealed in his annual financial disclosure.

The 927-page document released by the US Office of Government Ethics showed the president brought in more than $2.2 billion in 2025, with the bulk of it coming from crypto. This included $594 million from World Liberty Financial (WLFI), a DeFi venture he co-founded with his sons, and $636 million from sales of Trump-branded meme coins. He is also reported to be holding more than $50 million in Bitcoin in a cold wallet.

When he was asked whether he knew about the family’s crypto activities, the president replied, “No,” before quickly adding, “I could know about it. I didn’t, I mean, there’s nothing illegal, there’s nothing wrong with it. I could know.”

Trump then pointed out that his assets are managed through trusts overseen by his sons Eric and Donald Jr., as well as outside investment firms that he does not talk to. “I don’t even know who they are,” he said, adding that he doesn’t discuss investment decisions with his sons either, suggesting that almost any business dealing by his children could be construed as a conflict of interest given the expansive nature of presidential policy.

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