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President Donald Trump defended more than $1.2 billion in cryptocurrency-related earnings on Wednesday, saying his personal finances are managed by outside institutions and that rising financial markets have benefited many Americans.
Speaking to reporters before departing Joint Base Andrews aboard a Qatar-gifted aircraft converted into the new Air Force One, Trump rejected claims that he used his presidency for personal financial gain. His remarks came one day after the US Office of Government Ethics released his annual financial disclosure, which detailed major revenue from cryptocurrency ventures linked to his family.
Trump said he does not make investment decisions involving his personal wealth and described his financial arrangements as blind trusts managed by outside institutions.
“I don't get involved in my personal (finances), we have funds that run my money,” Trump said. “I've made a lot of money before I became president, and they invest my money, and I don't talk to them.”
He also said, “I don't know what they call — closed accounts or something. You put your money in, and that's it. I don't talk to them, they're big institutions, and they run it.”
When asked about accusations that he was benefiting financially while serving as president, Trump pointed to broader market gains instead of specific crypto investments.
“You know why I'm profiting, because the stock market's going up, everybody's profiting,” he said. Trump later added, “So we're all profiting. I'm profiting because I have a lot of money and a lot of cash.”
He also referred to his previous business career, saying, “I don't know if I've had a better career in politics or business, but I had a great career in business.”
The 927-page financial disclosure filed with the Office of Government Ethics reported roughly $1.2 billion in cryptocurrency-related income during 2025. The filings show that a large share of the revenue came from ventures connected to World Liberty Financial and the TRUMP cryptocurrency project.
According to the disclosure, Trump received nearly $550 million from his ties to World Liberty Financial. Other reports analyzing the filing said the venture generated more than $520 million from token sales and over $250 million from the sale of ownership interests, with income shared among family members.
The filing also listed approximately $635 million in royalties tied to ‘Celebration Coins,’ which are linked to the TRUMP memecoin business operated through CIC Digital LLC. The token launched shortly before Trump's inauguration in January 2025.
World Liberty Financial was co-founded in September 2024 by Trump's sons and Zach Witkoff, the son of Middle East envoy Steve Witkoff. The company later introduced the USD1 stablecoin during Trump's second term.
Trump's latest disclosure showed a sharp increase in reported revenue compared with the previous year. Financial analyses of the filing estimated that his overall reported revenue exceeded $2 billion in 2025, with cryptocurrency accounting for much of the increase.
Meanwhile, critics have continued questioning whether Trump's cryptocurrency business interests create conflicts while he oversees policies affecting the digital asset industry. His administration has introduced measures supporting cryptocurrency adoption and has promoted the United States as a global center for digital assets.
The White House rejected allegations of conflicts of interest. Spokeswoman Anna Kelly said “Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest.” She also said Trump has “proudly made the United States the crypto capital of the world” through executive actions and support for cryptocurrency legislation.
Trump did not directly address questions about potential conflicts during Wednesday's appearance, maintaining that outside institutions manage his investments and that his financial gains reflect broader market performance rather than decisions made from the White House.
Also Read: Elizabeth Warren Seeks Tougher Crypto Rules After Trump Discloses $1.4B Earnings
