U.S. President Donald Trump addressed reporters at Joint Base Andrews on 1/7, explaining his nearly USD 1.2 billion in crypto earnings from last year. "Do you know why I made that profit? Because the stock market is up, everyone is making money," he stated.

The White House chief added that his income is held in anonymous trust funds, preventing him from influencing government policy to boost his personal wealth.

"I don't interfere with my personal finances," Trump stated. "I have funds managing my money. I earned a lot before becoming president, and these funds invest my money; I don't communicate with them."

President Donald Trump speaks in Medora, North Dakota, on 1/7. Photo: AP

The U.S. President asserted his "great business career," noting that his financial disclosures demonstrate substantial cash holdings and various other incomes.

"So, all of us are making money," he continued. "I'm making money because I have a lot of funds and a lot of cash."

According to the annual financial disclosure filed with the U.S. Office of Government Ethics and released on 30/6, President Trump garnered over USD 500 million from World Liberty Financial through the sale of new crypto products, including governance tokens. These tokens empower holders to vote on specific project decisions.

Additionally, CIC Digital LLC, another of Trump's crypto ventures, generated over USD 635 million from issuing the $TRUMP meme coin.

Meme coins are cryptocurrencies derived from internet jokes, often featuring celebrities, animals, or pop culture trends; Doge coin is the most recognized example. These digital currencies lack inherent blockchain technology value or practical utility, typically serving entertainment or speculative purposes, with prices that can fluctuate thousands of times.

Ngoc Anh (According to AFP, Reuters)