rotating globe
2 Jul 2026


Trump backs billion-dollar crypto earnings

US President says investments were transparent, dismisses conflict of interest allegations completely

US President Donald Trump has defended earning more than $1 billion from cryptocurrency ventures in 2025, saying his investments were made openly and complied with all legal requirements. His remarks came after fresh financial disclosures revealed the scale of his gains from digital assets, drawing criticism from political opponents and ethics experts.

Speaking to reporters, Trump dismissed allegations that his crypto holdings created a conflict of interest, insisting he had done nothing wrong. He argued that he entered the cryptocurrency market because he believed in its growth potential and said many others had also benefited from the sector’s rapid expansion.

The disclosures show that a significant portion of Trump’s wealth increase came from crypto-related businesses, including digital tokens and blockchain ventures linked to his business interests. The figures have reignited debate over whether a sitting president should maintain financial stakes in industries that could be influenced by government policy.

Critics say Trump’s involvement in cryptocurrency raises ethical concerns, particularly as his administration has taken a more supportive approach towards digital assets. They argue that policy decisions affecting the crypto industry could directly benefit his personal financial interests.

The White House rejected those concerns, maintaining that the President’s financial affairs comply with applicable ethics rules and disclosure requirements. Trump also said all his business interests had been properly declared and accused his critics of trying to politicise his financial success.

Also Read: Russian missiles pound Kyiv again, 11 killed