Svmuu News: U.S. Treasury Secretary Scott Bessent said in an interview with CBS News that the recently disclosed report that U.S. President Donald Trump earned approximately $1.4 billion through cryptocurrency projects is not an issue for the president.Financial disclosures show that since the start of his second term, Donald Trump has earned approximately $1.4 billion from cryptocurrency partnerships, including the TRUMP meme coin and World Liberty Financial.
Congressional Democrats have criticized this, arguing that it presents a conflict of interest given the current administration’s efforts to ease cryptocurrency regulations.White House spokesperson Anna Kelly responded that the disclosure does not constitute a conflict of interest. Additionally, Bessent expressed optimism about the U.S. economic outlook and noted that over 6 million “Donald Trump” accounts (Trump Accounts) have been opened; the project aims to help minors invest in the stock market to improve financial literacy. (cbsnews)
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U.S. Treasury Secretary: There Is No Issue with the President's Nearly $1.4 Billion in Crypto Income
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