President Donald Trump said there was “nothing wrong” with the money his family made from crypto, in response to financial disclosures that showed he made at least $1.4 billion from the industry last year.
Asked during a CNBC interview at the White House on Thursday if he knew about the plans, Trump replied: “I might know. I didn’t know.” He said there was nothing illegal about his involvement and that his goal was for the United States to become a leader in crypto.
Trump handed day-to-day control of his businesses to his two eldest sons before taking office and has not given away his assets.
The disclosure, released this week by the federal Office of Government Ethics, made Trump the largest beneficiary of cryptocurrency in American politics.
It showed about $636 million tied to his eponymous memecoin, which was launched on the eve of his return to power, about $594 million from World Liberty Financial, the crypto company he co-founded with his sons, and nearly $197 million from a stablecoin company.
