Trump's crypto businesses took in about $1.2B US last year, federal filing shows
A federal disclosure report reveals that Donald Trump's crypto ventures generated over $1.2 billion in revenue last year, surpassing his traditional property portfolio. The report also highlights significant income from branded merchandise, raising concerns about potential conflicts of interest during his presidency.
Why it matters
The rapid growth of Trump's crypto businesses and the lack of traditional conflict-of-interest protections highlight ongoing debates regarding presidential ethics and financial transparency.
Mere startups when he took the oath of office, the new ventures have now eclipsed in revenue much of his vast property portfolio that took him decades to accumulate. Fuelling their rise were billionaire investors and Trump's own move to quash a federal crackdown on the industry.
The article emphasizes the 'unprecedented' nature of the business dealings and explicitly mentions the rejection of conflict-of-interest protections.
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