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**Translation output:** US Treasury Secretary: President's nearly $1.4 billion in crypto revenue raises no concerns

2026-07-03 02:53

Odaily Planet Daily News: US Treasury Secretary Scott Bessent stated in an interview with CBS News that the recently disclosed income of approximately $1.4 billion earned by President Donald Trump through crypto projects does not pose a problem for the president. Financial disclosures show that since the beginning of his second term, Trump has earned about $1.4 billion from crypto partnerships including the TRUMP meme coin and World Liberty Financial.

Congressional Democrats criticized this, arguing that there is a conflict of interest as the current administration seeks to relax cryptocurrency regulations. White House spokesperson Anna Kelly responded that the disclosure does not represent a conflict of interest. Additionally, Bessent expressed optimism about the US economic outlook and noted that over 6 million Trump Accounts have been opened, a project aimed at helping minors invest in the stock market to improve financial literacy. (cbsnews)