President Donald Trump earned over $2 billion from his and his sons’ cryptocurrency business last year, and it was all legal.
In a 927-page court filing submitted Tuesday, the president revealed that he made “$636 million via a Trump Organization affiliate responsible for the $TRUMP memecoin and nearly $600 million in income at World Liberty Financial, which Trump and his sons co-founded,” according to Mediaite.
He also made money when half of World Liberty Financial was sold to a UAE-backed investment firm.
Left-wing critics have said it’s far too much money for a president to be making.
The number of financial side deals the Trump family is running is so shocking it can sometimes be hard to track.
According to @Reuters, their crypto ventures alone have delivered $2.3 billion to Trump & co. while creating a similar-sized loss for investors. pic.twitter.com/6tbUccKxTi
— Steve Rattner (@SteveRattner) June 30, 2026
Indeed, later this Tuesday on CNN, host Anderson Cooper asked legal analyst and masturbator Jeffrey Toobin whether what the president is doing is even legal. Toobin answered that it certainly is.
“Well, the Supreme Court has said that any official action he takes may not be the subject of criminal charges — and it can’t even be investigated,” he said, referencing a 2024 Supreme Court decision that gave the president immunity from criminal prosecution for all “official acts” performed while in office.
“And if we can just talk about crypto, the regulation of crypto is one of the hottest issues being dealt with in the executive branch now,” Toobin continued. “So, he is in charge of regulating something that is putting literally billions of dollars in his pocket. But regulating crypto is an official action of the executive branch.”
“So, under the decision of Trump v. United States, he can do whatever he wants. He can open a lemonade stand on the front lawn of the White House and take public payments in return for regulatory changes. But because that’s an official action, he’s immune from prosecution,” he added.
However, also speaking on CNN, former Trump White House lawyer turned turncoat Ty Cobb claimed the answer is a resounding no.
“I don’t believe so,” he said when asked if Trump’s crypto activities were legal. “Certainly, I don’t think it was contemplated by the founders when they created the Emoluments Clause. This is somebody who every day is devoted to the accumulation of wealth and power.”
He also kvetched that recent events have marked “the greatest onslaught of corruption in the history of mankind in the last 18 months.”
(Video Credit: CNN)
The only real problem for the president is the belief by some that his crypto disclosures might delay the passage of the much-needed Clarity Act, a bill that would establish a clear federal regulatory framework for digital assets like cryptocurrencies.
“The timing of these disclosures is interesting. This info could further strenghten [SIC] the Dems who are using ethics to roadblock the Clarity Act,” Tony Edward, the founder of the Thinking Crypto Podcast, wrote on social media this Tuesday.
“The transparency is good but the timing maybe bad for the Clarity Act which is about to hit the Senate floor in July,” he added.
The timing of these disclosures is interesting. This info could further strenghten the Dems who are using ethics to roadblock the Clarity Act. The transparency is good but the timing maybe bad for the Clarity Act which is about to hit the Senate floor in July. https://t.co/OngOK9SfNO
— Tony Edward (Thinking Crypto Podcast) (@thinkingcrypto) July 1, 2026
SkyBridge Capital founder Anthony Scaramucci, also a former Trump administration member, meanwhile predicted that the president’s crypto ventures “will be cited as one of the main reasons if Clarity doesn’t pass.”
According to Yahoo News, the prediction market Polymarket similarly now has the chances of the Clarity Act passing before the end of the year at a measly 39 percent. It previously hit as high as 60 percent this past spring.
Democrat Sen. Elizabeth Warren has demanded that any crypto legislation that makes it through Congress contain a provision cracking down on the president’s own crypto exploits.
The crypto legislation heading to the Senate floor must stop the President and his family from continuing to profit off crypto. https://t.co/qjEN6iT8GB
— Elizabeth Warren (@SenWarren) July 1, 2026
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V. Saxena is a staff writer with a decade of experience as a professional writer, and a lifetime of experience as an avid news junkie. He holds a degree in computer technology from Purdue University. Saxena also contributes to BizPac Review.
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