Trump Defends Family's Crypto Business in Recent 60 Minutes Interview

During a recent appearance on 60 Minutes, former President Donald Trump defended his family's crypto business, World Liberty Financial, asserting that his ownership is comparable to previous presidents who maintained business interests while in office. Trump emphasized that he has distanced himself from the day-to-day operations of the firm, which is partially managed by one of his sons.

Trump acknowledged his co-ownership of World Liberty Financial but admitted to having limited knowledge about its operations. He stated that he does not engage in discussions about crypto with his sons Eric, Donald Jr., and Barron, who oversee the family's digital asset ventures. Trump also highlighted his pre-presidential wealth to differentiate his situation from that of the Biden family.

The interview attracted attention due to the significant profits reported from the Trump family's crypto activities, which allegedly exceeded $1 billion, including earnings from World Liberty Financial and the $TRUMP meme coin. Financial records indicated that the family reported over $1.4 billion in crypto-related income in 2025, with $800 million stemming from World Liberty Financial and around $635 million from meme coin sales.

Critics have raised concerns regarding World Liberty Financial's connections, particularly a $2 billion stablecoin transaction facilitated by Binance, following a presidential pardon granted to its founder. This relationship, along with ties to investors from the UAE, has fueled ongoing debates about potential conflicts of interest.

World Liberty Financial, launched in September 2024, focuses on digital assets and governance tokens. Trump's evolving stance on crypto has seen him advocating for the U.S. to become a leader in the global crypto market. While the interview did not prompt immediate market reactions or regulatory changes, Trump's defense may resonate with his supporters, despite the unique challenges posed by the crypto industry's scale and complexity.