President Donald Trump affirmed the legitimacy of his family’s cryptocurrency earnings, addressing financial disclosures that revealed over $1.4 billion in gains from the industry last year.
In a CNBC interview at the White House on Thursday, when questioned about his awareness of the ventures, Trump stated, “I could know about it. I didn’t.” He emphasized that his involvement in the sector was lawful and expressed his vision for the U.S. to emerge as a leader in cryptocurrency innovation.
Trump transferred daily management of his business empire to his two eldest sons prior to assuming the presidency while retaining ownership of his assets, thereby maintaining financial stakes in various ventures.
The federal Office of Government Ethics released the disclosure earlier this week, which positioned Trump as the highest-earning individual in cryptocurrency among U.S. political figures.
The report detailed approximately $636 million attributed to his namesake meme coin, launched shortly before his return to office; $594 million from World Liberty Financial, the cryptocurrency venture co-founded with his sons; and nearly $197 million from a stablecoin initiative.
