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Trump Rejects Crypto Probe, Cites $2B Earnings, Critics Alarmed

7/7/2026

Summary

Story summary

President Donald Trump said his administration will deliberately avoid probing the cryptocurrency industry despite his crypto enterprises earning billions.
His 2025 disclosure reports earnings over $2 billion, including more than $1 billion from crypto, prompting Rep. Greg Casar (D) to call the stance blatant corruption.
Polls show 61 percent think Trump used his office to enrich himself while 56 percent say he is using the presidency for personal gain.

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Story summary

President Donald Trump said his administration will deliberately avoid probing the cryptocurrency industry despite his crypto enterprises earning billions.
His 2025 disclosure reports earnings over $2 billion, including more than $1 billion from crypto, prompting Rep. Greg Casar (D) to call the stance blatant corruption.
Polls show 61 percent think Trump used his office to enrich himself while 56 percent say he is using the presidency for personal gain.