Bessent Says Trump’s $1.4 Billion Crypto Gains Don’t Appear to Be a Conflict
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US Treasury Secretary Scott Bessent said he does not view President Donald Trump’s large cryptocurrency gains as a conflict of interest.
In an interview with CBS News on July 3, Bessent said Trump’s disclosed crypto-related income did not appear problematic “on its face.”
Previously disclosed financial filings showed Trump has earned about $1.4 billion since taking office through the meme coin Official Trump (TRUMP) and World Liberty Financial (WLFI), among other ventures.
Democrats have criticized the situation as a potential conflict of interest as the Trump administration moves to ease cryptocurrency regulation.
Bessent said the administration is focused on innovation and that all Americans will benefit from technological advances, including digital assets and artificial intelligence.
The White House has also said there is no conflict of interest.
