Donald Trump defends $1 billion family crypto earnings as legal

U.S. President Donald Trump told CNBC from the White House on July 2 that his family’s cryptocurrency activities generated more than $1 billion in profit last year and that there was nothing illegal about it. He said the family’s business operations are run by his sons and that he does not manage the ventures himself.

The claim references reports from the Office of Government Ethics and the Wall Street Journal showing earnings of at least $1.2 billion from token sales by World Liberty Financial and revenue from the meme‑coin $TRUMP issued by CIC Digital. Trump framed the earnings as part of a broader goal for the United States to lead in digital assets, while market data showed Bitcoin trading around $62,000 during the same period.