U.S. Treasury Secretary "President's crypto profits, no problem"...Counterattack in conflict of interest controversy

▲ Donald Trump, Official Trump (TRUMP), World Liberty Financial (WLFI)/AI-generated image

A controversy over conflict of interest erupted after the disclosure of assets showing that U.S. President Donald Trump earned more money from cryptocurrency than from his real estate empire. However, the U.S. Treasury Secretary drew a line, stating that there was no problem with profits exceeding $1.4 billion.

According to the cryptocurrency specialized media TheStreet on July 8 (local time), cryptocurrency-related income exceeded $1.4 billion in President Trump's 2025 asset declaration recently disclosed by the United States Office of Government Ethics. This amount is greater than the income earned from buildings, hotels, and golf courses.

The 927-page declaration shows that approximately $636 million was earned from OFFICIAL TRUMP memecoin royalties and $594 million from World Liberty Financial, which President Trump co-founded with his sons Eric and Donald Jr. The remaining $197 million came from the sale of stakes related to stablecoin projects. The OFFICIAL TRUMP memecoin was launched on Solana (SOL) two days before President Trump's second inauguration.

U.S. Treasury Secretary Scott Bessent dismissed concerns about President Trump's cryptocurrency profit disclosure in a CBS News interview on the 2nd. Bessent stated, "I don't think there's a problem in appearance," and explained that President Trump's relationship with cryptocurrency began before his term in office.

Democratic lawmakers criticized that the president's massive profits could lead to a potential conflict of interest as the Trump administration pushes for deregulation of cryptocurrencies. Bessent characterized the Trump administration's policies, encompassing digital assets, artificial intelligence, and the technology industry as a whole, as part of an "innovative presidency."

White House spokesperson Anna Kelly also stated that there was no conflict of interest in the asset disclosure. While Democrats raised the possibility of a conflict of interest surrounding President Trump's $1.4 billion in cryptocurrency profits, the Treasury Department and the White House maintained that there was no problem.

[Article Key Summary]

-President Trump's cryptocurrency-related income for 2025 exceeded $1.4 billion, surpassing his real estate business income.

-OFFICIAL TRUMP memecoin royalty income was approximately $636 million, and World Liberty Financial income was $594 million.

-Treasury Secretary Bessent and the White House stated there was no conflict of interest, but Democratic lawmakers criticized the potential for a conflict of interest.

*Disclaimer: This article is for investment reference purposes only and does not take responsibility for investment losses based on it. The content should be interpreted for informational purposes only.*