Trump "No problem with $1.4 billion in crypto profits"...Political conflict of interest controversy

▲ Donald Trump, Bitcoin (BTC), Cryptocurrency/AI Generated Image

U.S. President Donald Trump is pushing back against the controversy surrounding his $1.4 billion in cryptocurrency-related income during his tenure, stating, "It's not illegal and there's no problem," reigniting the debate over cryptocurrency conflicts of interest in U.S. politics.

According to crypto media outlet Cointelegraph on July 3 (local time), Trump said in a Thursday interview with CNBC's Joe Kernen that there was "nothing illegal and nothing problematic" about profiting from cryptocurrency investments during his presidency. He claimed that others managed his investments, stating, "I don't even know who they are," but did not directly answer questions about the conflict of interest controversy.

The controversy stems from the 2025 financial disclosure report released by the U.S. Office of Government Ethics. The report shows that Trump earned over $2 billion from businesses and investments, with approximately $1.4 billion linked to cryptocurrency projects, including memecoins and the family platform World Liberty Financial.

Of the $1.4 billion in crypto-related income, about $636 million was disclosed as income from the Official Trump (TRUMP) memecoin. Sales income from World Liberty Financial totaled approximately $588 million, and income related to stablecoin business stakes was $197 million. Although Trump called Bitcoin (BTC) a "scam" after his first term, he has expanded his contacts with key figures in the cryptocurrency industry, including Gemini co-founders Cameron Winklevoss and Tyler Winklevoss, as well as mining companies and exchange executives, ahead of the 2024 presidential election.

Consumer advocacy groups like Public Citizen criticized Trump's cryptocurrency investments, stating they could influence legislative discussions such as the CLARITY Act for the U.S. cryptocurrency market structure. Trump's niece, Mary Trump, said in a Friday interview with CNN's Anderson Cooper, "Donald is once again pushing the boundaries, and no one is putting the brakes on him." She further claimed, "Many people are likely to avoid responsibility for financial crimes due to the abuse of presidential pardon power."

The flow of political funds from the cryptocurrency industry is also growing again ahead of the 2026 U.S. elections. Digital asset companies are reportedly spending $170 million to support pro-crypto candidates in 2024, and according to Public Citizen, as of June this year, the crypto industry and related individuals have donated $189 million this election cycle. Cryptocurrencies, artificial intelligence, big tech, and online betting companies accounted for a significant portion of the total $294 million spent on supporting and opposing politicians, with all 435 seats in the U.S. House of Representatives and 35 seats in the Senate at stake in the 2026 elections.

[Article Summary]

-U.S. President Donald Trump claimed that there was "nothing illegal and no problem" with the $1.4 billion in cryptocurrency-related income during his tenure.

-The 2025 financial disclosure report included specific incomes such as approximately $636 million from Official Trump memecoins and approximately $588 million from World Liberty Financial sales.

-As the cryptocurrency industry's election funding expands, the 2026 U.S. congressional elections and digital asset regulation discussions are intertwined.

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