Trump Defends $580 Million Family Crypto Income After 2025 Disclosure
Updated
Updated · CNBC · Jul 2
Trump Defends $580 Million Family Crypto Income After 2025 Disclosure
3 articles · Updated · CNBC · Jul 2
Summary
$580 million in crypto-related income disclosed for 2025 prompted Trump to defend his family's business dealings, saying there was "nothing illegal" or "wrong" with the ventures.
The filing showed about $515 million from Trump-linked World Liberty Financial token sales and $65 million from equity sales in WLF's holding company.
Trump argued presidential power makes almost any activity by his children look like a conflict, saying policy reaches nearly every part of the economy and that he tells them to "stay away."
He also pointed to federal conflict-of-interest rules, noting the president and vice president are not required to recuse themselves from decisions that could affect their own financial interests.