US Treasurer: President's nearly $1.4 billion in crypto revenue poses no issue

Odaily Planet Daily News: US Treasury Secretary Scott Bessent stated in an interview with CBS News that the recently disclosed $1.4 billion in revenue earned by President Donald Trump from crypto projects does not pose a problem for the president. The financial disclosure shows that since the start of his second term, Trump has earned approximately $1.4 billion from crypto partnerships, including the TRUMP memecoin and World Liberty Financial.

Democratic lawmakers in Congress criticized this, arguing that there is a conflict of interest as the current administration seeks to relax regulations on cryptocurrencies. White House spokesperson Anna Kelly responded by stating that the disclosure does not present a conflict of interest. Additionally, Bessent expressed optimism about the US economic outlook and noted that over 6 million Trump Accounts have been opened. This project aims to help minors invest in the stock market to improve financial literacy. (cbsnews)