finance
Trump Says Billion-Dollar Crypto Earnings Came From Unnamed Advisers
President Donald Trump said Wednesday he played no role in more than $1 billion in cryptocurrency earnings disclosed in his financial filings. He credited stock market gains and institutional managers for the returns while traveling to North Dakota.
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President Donald Trump stated on Wednesday that he had nothing to do with a reported billion-dollar windfall listed in his financial disclosures. He said the gains came from the work of unnamed financial advisers rather than his own efforts. Trump told reporters traveling with him to North Dakota that he does not get involved in his personal finances.
He said he has funds that run his money well and purposely never speaks to the people who manage it at big institutions. "I've made a lot of money before I became president, and they invest my money, and I don't talk to them," Trump said before boarding the aircraft for the trip to tour the Theodore Roosevelt Presidential Library.
He added that he is profiting because the stock market is going up and that everybody is profiting.
Trump has never placed his assets in a blind trust. , and Eric Trump. An Office of Government Ethics filing showed Trump earned more than $1 billion from two cryptocurrency businesses. He disclosed over $500 million in earnings from the World Liberty Financial crypto venture and more than $600 million from sales by CIC Digital LLC of Trump-branded meme coins.
Trump reversed the prior administration’s stance on the crypto industry and pushed policies friendly to it after returning to the White House. He has also pardoned several major cryptocurrency figures who had been charged or convicted of federal crimes. Deputy press secretary Anna Kelly stated that Trump only acts in the best interests of the American public and has no conflicts of interest.
