Democrats Demand Answers On Trump’s $1.2 Billion Crypto Earnings Disclosure

President Donald Trump’s latest financial disclosure, released Tuesday, shows he earned nearly $1.2 billion from crypto related royalty agreements and payouts tied to family and business ventures last year. The businesses, which were mere startups when he took office, have now surpassed much of his property portfolio in revenue. The White House maintains Trump has done nothing improper, arguing he has taken a financial loss by becoming president rather than staying in the private sector.

Trump Defends His Profits

Speaking before boarding Air Force One, Trump attributed his earnings to a rising stock market, saying everyday Americans with retirement accounts have also benefited. His annual presidential salary is about $400,000.

Senator Warren Raises Corruption Concerns

Democratic Senator Elizabeth Warren said Trump’s crypto ventures generated more than $1.4 billion, making up the bulk of his income in his first year back in office. She called for crypto legislation moving through the Senate to bar the president, vice president, senior officials, lawmakers and their families from profiting off the industry, warning that failing to do so would deepen concerns about corruption.

Democrats have made stronger oversight of Trump’s finances a central midterm campaign issue, but currently lack subpoena power to compel testimony from administration officials. They are hoping a midterm win in the House, Senate or both would change that.