Trump won more than 1.400 million dollars with cryptocurrencies in his first year of his second term

BarcelonaThe President of the United States, Donald Trump, earned more than 1.4 billion dollars from cryptocurrency businesses last year, during the first year of his second term. According to the president's latest financial disclosure, Trump derives most of his income from his family's companies related to the virtual currency industry, which have benefited from his policies. Trump's annual filing with the U.S. Office of Government Ethics shows that income primarily comes from royalties generated by a meme coin featuring his face, from which he pocketed $635 million. The American president also declared having earned $500 million from World Liberty Financial, a company operating in the cryptocurrency business, which was founded by his children and the children of Steve Witkoff, his special envoy to the Middle East.With his return to office, Trump began to implement policies that the cryptocurrency industry considered beneficial. Among the most notable are the implementation of federal regulations for stablecoins –cryptocurrencies designed to maintain a stable value– and the reduction of oversight from the Department of Justice on the operations of this industry. The Republican, in fact, was very critical of President Joe Biden when, during his term, he applied restrictions on the cryptocurrency business. White House spokeswoman Anna Kelly denies the existence of a conflict of interest on the part of the president or his family and denounces a disinformation campaign: “All actions of President Trump and his administration are taken in the best interests of the American people, and any so-called “reporter” who pushes the contrary is recycling the same tired false narrative that Democrats and traditional media have been pushing for a decade,” she assured.Cryptocurrencies have transformed, in a very short time, the president's fortune. According to a Reuters estimate, the Trump family has earned at least $2.3 billion from cryptocurrency-related businesses since the president's return to the White House. A figure far above the $600 million earned the previous year, according to his 2024 financial disclosure.Before profiting from them, Trump criticized cryptocurrencies and Bitcoin, which he called a "scam." He also said they were "a disaster waiting to happen." Instead, three years later, Trump assured during an electoral campaign that he would turn the United States into the "cryptocurrency capital of the planet." Once in office, the president issued an executive order aimed at "supporting the responsible growth" of the cryptocurrency sector.