Thursday, July 2, 2026
31.5 C
New Delhi

‘Everybody’s Profiting’: Trump Defends $1.2 Billion Crypto Earnings As Disclosure Sparks Criticism

Show Quick Read

Key points generated by AI, verified by newsroom

  • ट्रम्प ने 1.2 अरब क्रिप्टो कमाई का बचाव किया, अर्थव्यवस्था से जोड़ा।
  • वित्तीय खुलासों ने $2.2 अरब आय, क्रिप्टो प्रमुख स्रोत बताया।
  • ट्रम्प बोले: ब्लाइंड ट्रस्ट संपत्ति संभालते, व्यवसाय सफल रहा।
  • क्रिप्टो ने ट्रम्प की संपत्ति बढ़ाई, अमेरिका को क्रिप्टो राजधानी बनाया।

US President Donald Trump has defended earning around $1.2 billion from his family’s cryptocurrency businesses after newly released financial disclosures revealed the scale of the profits generated during his first year back in the White House.

Responding to criticism that he was benefiting financially while serving as president, Trump insisted that his success reflected broader gains across the economy. “Everybody’s profiting,” he told reporters before boarding a new Air Force One aircraft gifted by Qatar.

“You know why I’m profiting, because the stock market’s going up, everybody’s profiting,” Trump said, dismissing allegations that he had used his office to enrich himself.

Financial Disclosures Reveal Billions In Income

A 927-page financial disclosure released on Tuesday by the US Office of Government Ethics showed Trump earned more than $2.2 billion last year from a wide range of businesses, including real estate, golf resorts, branded merchandise, licensing agreements and court settlements.

Among the biggest contributors were his family’s cryptocurrency ventures. World Liberty Financial, a joint venture involving the Trump family and the family of Trump’s Middle East envoy Steve Witkoff, generated more than $500 million through sales of governance tokens.

Another company, CIC Digital LLC, brought in more than $600 million from Trump-branded meme coins that were launched just days before his second inauguration, making cryptocurrency one of the standout sources of income in the disclosure.

ALSO READ | US MH-60S Seahawk Helicopter Makes Emergency Landing In Arabian Sea, Member Missing

Trump Says Blind Trusts Manage His Finances

When asked about accusations that he was using the presidency to boost his personal wealth, Trump said his financial interests were held in blind trusts, preventing him from directly managing or influencing his investments.

“I don’t get involved in my personal (finances), we have funds that run my money,” Trump said. “I’ve made a lot of money before I became president, and they invest my money, and I don’t talk to them.”

Trump also argued that his financial success was rooted in his business career rather than politics, despite the crypto earnings stemming from ventures launched during his first year back in office.

ALSO READ | Pakistan Rejects India’s Claims Over Afghanistan Airstrikes As Tensions Rise

Crypto Wealth Drives Rise In Personal Fortune

The president maintained that his long-standing business success had positioned him well before returning to the White House.

“I don’t know if I’ve had a better career in politics or business, but I had a great career in business, and you know, you saw the cash, and you report the different things,” Trump said.

“So we’re all profiting. I’m profiting because I have a lot of money and a lot of cash.”

According to Forbes, Trump’s cryptocurrency businesses have been the primary driver behind the near tripling of his personal fortune, which increased from $2.3 billion in 2024 to $6.5 billion in 2026.

During his time in office, Trump has introduced measures aimed at deregulating the cryptocurrency sector, contributing to a sharp rise in digital asset prices. The White House defended the administration’s approach, saying Trump had “proudly made the United States the crypto capital of the world.”

Go to Source

Hot this week

‘Alpha’ ears Rs 1.52 crore in advance bookings

The clock is finally ticking down to the release of Alia Bhatt’s ‘Alpha’ this Friday. Read More

Rajamouli inducted into France’s Institut Lumiere’s ‘Wall of Filmmakers’

Pic: Twitter Filmmaker SS Rajamouli was honoured with a commemorative plaque at the prestigious Institut Lumière in Lyon, France. Read More

WATCH: Shah Rukh Khan Reveals New Cricket Stadium In Los Angeles

Show Quick Read Key points generated by AI, verified by newsroom LA Knight Riders Cricket Ground opened, set for 2028 Olympics. Ground hosts Major League Cricket for LA Knight Riders. Read More

US-Iran Talks In Doha Yield Breakthrough With $3 Billion Fund Release, Direct Hotline Agreed

Show Quick Read Key points generated by AI, verified by newsroom Iran, US established mechanism for monitoring diplomatic agreement. Three billion dollars in frozen Iranian funds released for humanitarian aid. Read More

How rich must Indians be for India to be called developed?

Over millennia, philosophers have struggled to clearly answer the question: ‘who is rich?’ A useful metric, easy to measure as well as compare, is income. Read More

Topics

‘Alpha’ ears Rs 1.52 crore in advance bookings

The clock is finally ticking down to the release of Alia Bhatt’s ‘Alpha’ this Friday. Read More

Rajamouli inducted into France’s Institut Lumiere’s ‘Wall of Filmmakers’

Pic: Twitter Filmmaker SS Rajamouli was honoured with a commemorative plaque at the prestigious Institut Lumière in Lyon, France. Read More

WATCH: Shah Rukh Khan Reveals New Cricket Stadium In Los Angeles

Show Quick Read Key points generated by AI, verified by newsroom LA Knight Riders Cricket Ground opened, set for 2028 Olympics. Ground hosts Major League Cricket for LA Knight Riders. Read More

US-Iran Talks In Doha Yield Breakthrough With $3 Billion Fund Release, Direct Hotline Agreed

Show Quick Read Key points generated by AI, verified by newsroom Iran, US established mechanism for monitoring diplomatic agreement. Three billion dollars in frozen Iranian funds released for humanitarian aid. Read More

How rich must Indians be for India to be called developed?

Over millennia, philosophers have struggled to clearly answer the question: ‘who is rich?’ A useful metric, easy to measure as well as compare, is income. Read More

‘Isakapatnam’ OTT: When and where to watch

‘Isakapatnam’ OTT release: When and where to watch Aishwarya Rajesh’s crime-thriller series The Telugu crime-thriller series ‘Isakapatnam’ has officially arrived on OTT. Read More

“Misogynist, homophobic and racist”: Clavicular’s runway debut sparks fresh debate over fashion’s obsession with controversy

424’s decision to have influencer Clavicular open its SS27 Paris Fashion Week show sparked widespread criticism from fashion commentators and social media users. Read More

“The day Charlie was k****d…..”: Candace Owens’ latest Charlie Kirk theory sparks fierce response from critics

Candace Owens’ latest comments about Charlie Kirk’s death sparked renewed backlash after critics challenged her claims on social media. Read More

Related Articles