President Donald Trump defended his family’s continued involvement in crypto ventures while he is in office, arguing that he cannot simply tell his sons to stop doing business for four years. During a “60 Minutes” interview, Trump was questioned about World Liberty Financial and a reported investment by a senior UAE royal. “My sons run the company,” Trump said, adding that it would be difficult to tell them not to pursue business opportunities while he serves as president. Trump said most of his personal wealth is managed by Wall Street firms through investments such as index funds and that he does not personally direct individual investment decisions. He also rejected calls to fully divest his assets, arguing that presidents have historically entered office with private financial interests and that the issue is not unique to him. World Liberty Financial lists Trump and Steve Witkoff as co-founders emeritus and is operated by members of the Trump and Witkoff families, including Eric Trump. Trump’s 2025 financial disclosure showed more than $1.4 billion in income tied to cryptocurrency ventures, including more than $520 million from World Liberty Financial token sales, along with income connected to USD1, the Official Trump ($TRUMP) memecoin and licensing deals. Scrutiny could increase in 2027 as Democrats take greater control of congressional oversight. Sen. Elizabeth Warren is expected to push for deeper examination of the crypto industry and financial relationships involving people in Trump’s orbit.
BenzingaShare

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.