President Donald Trump said there is ‘nothing wrong’ with the money his family has made in crypto, in response to financial disclosures that showed he earned at least $1.4 billion from the industry last year.
Asked in a CNBC interview Thursday at the White House if he knew about the ventures, Trump said: “I could have known. I didn’t.” He said there was nothing illegal about his involvement and that his goal was for the US to lead the way in crypto.
Trump left day-to-day control of his businesses to his two oldest sons before taking office and did not divest his assets.
The disclosure, released this week by the federal Office of Government Ethics, made Trump the biggest crypto earner in American politics.
It showed about $636 million tied to his eponymous memecoin, which was launched on the eve of his return to office, about $594 million from World Liberty Financial, the crypto firm he founded with his sons, and nearly $197 million from a stablecoin venture.
