Trump Dismisses Knowledge of $1.4 Billion Crypto Gains

President Donald Trump has addressed his family's substantial gains from crypto and memecoin-related firms in 2025. The president reported earning at least $1.4 billion last year, a significant figure that has raised questions about his involvement in the digital asset market.

In an interview with CNBC on Thursday, July 2, Trump was asked whether he was aware of the crypto ventures. He responded by saying 'I could know about it,' but claimed 'I didn't'.

Trump's comments come after disclosures revealed his family companies' involvement in crypto windfalls. The president had earlier turned over the running of his business operations to his two eldest sons, which may have contributed to the lack of knowledge about these ventures.