Trump says ‘nothing wrong’ with family crypto windfall
President Trump defended family crypto earnings of at least $1.4 billion, saying he had no direct knowledge but sees no wrongdoing.
President Donald Trump said there is 'nothing wrong' with the money his family has made in crypto, responding to financial disclosures that showed he earned at least $1.4 billion from the industry last year.
In a CNBC interview on Thursday at the White House, Trump said he could have known about the ventures but did not. He stated that there was nothing illegal about his involvement and that his goal is for the U.S. to lead in crypto. Trump handed day-to-day control of his businesses to his two eldest 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 largest crypto holder among U.S. politicians.
For cryptocurrency traders, the news highlights the growing intersection of politics and digital assets. While Trump's comments may not directly move markets, they reinforce the perception that the current administration is crypto-friendly. This could support sentiment for Bitcoin and other major cryptocurrencies, especially as regulatory clarity remains a key driver. Traders can check NowPrice's crypto page for real-time pricing on Bitcoin, Ethereum, and other assets affected by political developments.
Looking ahead, market participants will watch for any further regulatory actions or statements from the administration. The disclosure also raises questions about potential conflicts of interest, which could lead to renewed debate on crypto regulation in Congress. Key levels to monitor include Bitcoin's reaction to the $60,000 support zone and any shifts in ETF flows as institutional interest evolves.