Trump defends $1.2 billion crypto gains, says 'everyone is profiting'

Donald Trump has defended his substantial cryptocurrency earnings, stating that "everyone is profiting" from his return to power. The former president claimed that independent funds manage his personal finances, asserting he does not oversee his investments.

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I don't deal with my personal finances, we have funds that manage my money.

Trump's defense comes after a government ethics report revealed he earned nearly $550 million from his ties to the World Liberty Financial cryptocurrency platform. An additional $635 million reportedly came from a licensing agreement for a cryptocurrency bearing his name, $TRUMP, which was marketed shortly before his inauguration in January 2025.

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You know why I make a profit, because the stock market is going up, everyone is making a profit.

According to Forbes, these cryptocurrency ventures are the primary reason Trump's net worth has nearly tripled, soaring from $2.3 billion to $6.5 billion between 2024 and 2026. Critics have accused the former president of conflicts of interest, particularly for investing in the cryptocurrency industry while simultaneously implementing measures to deregulate it, which has driven up asset prices.

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I made a lot of money before I became president, they invest my money and I don't talk to them.