President Trump has denied any wrongdoing in his massive cryptocurrency profits, citing 'nothing illegal' about the figures seen in his financial disclosure forms. The president's personal financial disclosures released this week showed he earned more than $500 million from World Liberty Financial, a cryptocurrency venture co-founded with his sons Eric Trump and Donald Trump Jr.
The Trumps launched World Liberty Financial in fall 2024 as the then-presidential candidate embraced the crypto industry during his campaign. Critics have accused the president and his family of conflicts of interest due to the venture's involvement in the presidency.
In an interview with CNBC, President Trump warned that the U.S. needs to lead in the industry to offset China. He also argued that because of the size and scope of the presidency, his children 'have inside information' in almost any business decision or move.