President Donald Trump justifies his $1.2 billion cryptocurrency earnings, claiming widespread benefits despite conflict-of-interest allegations.

President Donald Trump has defended his massive earnings from cryptocurrency investments, stating that the booming market benefits everyone. Speaking on Wednesday in South Dakota, Trump revealed that he earned approximately $1.2 billion from cryptocurrencies in the past year. Critics, however, have raised concerns about potential conflicts of interest, as Trump himself spearheaded deregulation in the crypto sector during his presidency.

Trump dismissed these allegations, asserting that his personal finances are managed by independent funds and that he has no direct involvement. However, financial disclosures released by the White House on Tuesday revealed that Trump and his three sons co-founded the crypto and investment platform World Liberty Financial, which generated nearly $550 million in revenue last year. Additionally, Trump earned $635 million in licensing fees from the Trump-Coin ($TRUMP), a virtual currency launched just before his 2025 inauguration. Despite criticism, Trump’s administration has positioned the U.S. as a global leader in cryptocurrency, a move his deputy spokesperson Anna Kelly praised as making the nation the ‘crypto capital of the world.’