US President Donald Trump has denied any wrongdoing in his family's massive cryptocurrency profits. According to his personal financial disclosures released this week, World Liberty Financial, a crypto venture co-founded by Trump and his sons Eric and Donald Jr., generated over $500 million.
The profits were made possible through the venture launched in fall 2024, just as Trump was campaigning for re-election. Critics have accused Trump and his family of conflicts of interest due to their involvement with World Liberty Financial.
In an interview with CNBC, Trump dismissed concerns about his family's cryptocurrency dealings, stating 'There's nothing illegal. There's nothing wrong with it.'
He also emphasized the importance of the US leading in the industry, saying 'We have to be at the top' and citing AI as a comparable area where the country is ahead of China.