Trump’s $2.2bn Profit Sparks ‘Crypto Corruption’ Accusations
Part of composite article Trump IRS Deal Sparks Probe as Democrats Demand Answers on $2.2bn Family Profits View full article →
US Senator Elizabeth Warren and other lawmakers have called for stricter rules on political figures’ cryptocurrency dealings, after financial disclosures showed President Donald Trump’s family earned over $1bn from digital currency ventures in his first year back in office.
A 927-page report released by the US Office of Government Ethics on Tuesday revealed Trump’s total earnings last year exceeded $2.2bn. The income came from real estate, golf resorts, branded merchandise, licensing deals, and court settlements, in addition to the crypto profits.
Warren described the profits as “brazen crypto corruption,” accusing the president of using his position for personal gain. The disclosure has intensified debate over whether elected officials should be allowed to profit from loosely regulated digital assets.