President Donald Trump said there is “nothing wrong” with the money his family has made in cryptocurrencies, responding to financial revelations showing he made at least $1.4 billion from the industry last year.
Asked in a CNBC interview Thursday at the White House if he knew about the companies, Trump said: “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 lead the world of cryptocurrencies.
Trump handed day-to-day control of his businesses to his two oldest sons before taking office and did not divest his assets.
The disclosure, released this week by the federal Office of Government Ethics, made Trump the biggest crypto earner in American politics.
It showed about $636 million tied to his eponymous memecoin, which launched on the eve of his return to office, about $594 million from World Liberty Financial, the crypto company he co-founded with his children, and nearly $197 million from a stablecoin company.
