2 Jul 2026, Thu

‘Everyone is making profits, even me…’, Donald Trump’s reaction to allegations of increased wealth from crypto business

US President Donald Trump, while answering the questions arising about his income from cryptocurrency, has said that there is nothing wrong in it, because at this time not only him but ‘everyone is earning profit.’ Trump says that his personal properties are managed through a blind trust and he himself does not interfere in the decisions related to his investments. However, the debate has once again intensified regarding his crypto activities and the relief given to the sector during his tenure as President.

What did Trump say?
On Wednesday, Trump spoke to reporters before leaving on his first flight on the new Air Force One aircraft gifted to America by Qatar. When he was asked whether he was using the presidency to increase his wealth, he rejected the allegation. Trump said, ‘I am making profits because the stock market is going up. Everyone is making profit. He also said that his assets are kept in a blind trust, so he is not involved in his personal investments or money management.

Reference to blind trust
Trump said, ‘My money is managed by fund managers. I had earned a lot of money even before becoming President. They invest my money and I don’t talk to them about it. He said that his financial success was not because of politics, but because of his long business career.

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Big income from crypto
According to financial disclosures released by the US Office of Government Ethics, in the year 2025, Trump earned about $550 million (about $550 million) through his ties to the startup World Liberty Financial (WLF). Additionally, the documents also state that he received royalties worth about $635 million ($635 million) under a licensing agreement related to the $TRUMP cryptocurrency that was launched just hours before his inauguration in January 2025.

What is World Liberty Financial?
World Liberty Financial (WLF) was launched in September 2024. It was started jointly by Trump’s sons and the son of his Middle East special envoy Steve Witkoff. This company and its associated crypto business have made the biggest increase in Trump’s wealth.

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Big jump in Trump’s wealth
According to Forbes report, Trump’s personal wealth was around $2.3 billion in 2024, which will increase to around $6.5 billion by 2026. That means his total wealth has almost tripled in two years and the biggest reason for this is said to be the income from crypto business.

Questions were also raised on government policies
After becoming President, the Trump administration relaxed many rules for the crypto sector, due to which investment in this sector increased and the prices of digital assets also increased. Critics say that Trump’s policies have benefited his own business interests. However, the White House says that Trump has worked towards making America the ‘crypto capital of the world’.

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