Trump: I'm 'Big Crypto Guy' for Politics, Not Profit
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- Trump told reporters he doesn't talk to his sons about their crypto work, saying 'I let my kids do whatever the hell they do,' despite financial disclosures released June 30 showing crypto earned him more than $1.4 billion last year.
- Trump and his sons are listed as co-founders of World Liberty Financial, which generated a large portion of his crypto-related income, though the president said his crypto interest is 'not a question of a personal thing.'
- Trump claimed the Biden administration 'dropped all investigations' into crypto after he 'went very pro-crypto,' citing this as the political motivation behind his pivot.
- The SEC under Trump stopped multiple crypto investigations and withdrew or settled enforcement actions against crypto companies, some of which had donated to Trump.
- Trump quipped, 'Every time I see a crypto guy where they dropped an investigation, I said: You're lucky I'm president.'
Why it matters: Trump's $1.4 billion crypto windfall, disclosed June 30, coincides with the SEC dropping or settling enforcement actions against crypto firms — some Trump donors — under his presidency, creating a direct overlap between his financial gains and the regulatory relief he boasts about engineering.
