Unbiased AI-powered news
President Donald Trump disclosed at least $1.4 billion in crypto-related earnings for 2025. He stated the income was legal and said the United States should lead in digital assets.
CoinDeskPresident Donald Trump reported at least $1.4 billion in crypto-related income for 2025 in his federal financial disclosure. The filing, released this week by the federal Office of Government Ethics, showed roughly $636 million tied to his eponymous memecoin and $594 million from World Liberty Financial.
CoinDesk reported an additional $197 million came from a stablecoin venture linked to Abu Dhabi's Sheikh Tahnoon bin Zayed Al Nahyan.
In a CNBC interview at the White House, President Trump said there was “nothing wrong” with the money his family has made in crypto. He told the network he did nothing illegal regarding his crypto income. Asked whether he knew about the ventures, Trump said "I could know about it.
He added that his goal is for the U.S. to lead in crypto. Trump handed day-to-day control of his businesses to his two eldest sons before taking office and did not divest his assets. The memecoin was launched on the eve of his return to office.
Bitcoin reached a record above $126,000 in October and is down roughly 50% as of the reporting date.
globalnews.caNonfarm payrolls rose by 57,000 last month while the unemployment rate edged down to 4.2 percent. Revisions cut prior months by a combined 74,000 positions.
cnbc.comThe Labor Department reported Friday that hiring slowed in June while the unemployment rate declined and wage growth stayed flat. The data showed no immediate signs of inflationary pressure from the labor market.
Al JazeeraPakistan's finance ministry signed an agreement with an affiliate of President Donald Trump's family crypto venture to explore using its USD1 stablecoin. No pilot projects or transactions have occurred as of early July, though the deal provided diplomatic access to the Trump admi…