U.S. Treasury Secretary: President's Nearly $1.4 Billion in Crypto Revenue Poses No Issue

Odaily Planet Daily News In an interview with CBS News, U.S. Treasury Secretary Scott Bessent stated that the recently disclosed nearly $1.4 billion in revenue earned by President Donald Trump through crypto projects poses no issue for the president. Financial disclosures show that since the start of his second term, Trump has earned approximately $1.4 billion from crypto ventures, including the TRUMP meme coin and World Liberty Financial.

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