Trump defends earning over a billion dollars from cryptocurrencies; 'everyone is making profits,' he says

President Donald Trump has defended his reported earnings of approximately $1.2 billion from his family's cryptocurrency ventures last year. He asserted that "everyone is making profits" during his administration, linking these gains to the overall performance of the stock market.

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Why am I making profits? Because the stock market is going up, everyone is making profits.

Responding to accusations of using his presidential office for personal enrichment, Trump stated that his earnings are placed in blind trusts to prevent any exploitation of his position. He emphasized that his wealth predates his presidency, stemming from his career as a real estate developer and businessman. He also claimed he does not engage with his personal finances, as they are managed by separate funds.

However, financial disclosures released by the U.S. Office of Government Ethics reveal significant cryptocurrency-related income. Trump reportedly received nearly $550 million from his association with World Liberty Financial, a startup co-founded by his children and the son of a former Trump envoy. Additionally, he received $635 million in royalties linked to the $TRUMP cryptocurrency, which was launched shortly before his presidential inauguration.

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

These cryptocurrency dealings 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 article also notes that the White House has stated Trump has "proudly made America the cryptocurrency capital of the world."

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Everyone is making profits. I make profits because I have a lot of money and a lot of cash.