Trump defends earning over $1 billion from cryptocurrencies

Former U.S. President Donald Trump defended his family's cryptocurrency business dealings, asserting they generated approximately $1.2 billion in income last year. Trump told reporters that "everyone is making profits" during his tenure, attributing his own gains to a rising stock market and his prior success as a real estate developer.

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Everyone is making profits during my term. Do you know why I am making profits? Because the stock market is rising, everyone is making profits.

When questioned about accusations of using his office for personal enrichment, Trump stated that his earnings are managed through blind trusts to prevent conflicts of interest. "I don't get involved in my personal finances, we have funds that manage my money," he said, adding, "I made a lot of money before I was president, and they invest my money, and I don't talk to them."

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I don't get involved in my personal finances, we have funds that manage my money.

However, financial disclosures released by the U.S. Office of Government Ethics indicate that Trump received nearly $550 million from his ties to the startup World Liberty Financial in 2025. Additionally, the reports detail $635 million in royalties received under a licensing agreement connected to the $TRUMP cryptocurrency, which was launched shortly before his presidential inauguration in January 2025.

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

These cryptocurrency-related ventures are cited as a primary reason for the near tripling of his personal fortune, from $2.3 billion to $6.5 billion between 2024 and 2026, according to Forbes. The White House has stated that Trump "has proudly made America the cryptocurrency capital of the world."

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Neither the President nor his family have ever incurred a conflict of interest.