00:02U.S. President Donald Trump made more than $1 billion from his cryptocurrency businesses last
00:08year, according to financial disclosures released on Tuesday. Asked about criticisms that he was
00:15using his position to enrich himself, Trump insisted that his wealth was due to his prior
00:20career, despite the fact that the earnings were related to crypto ventures launched during his
00:24first year back in the White House. Barely established when he was
00:54sworn in, Trump's crypto businesses now generate more revenue than large parts of the property
01:00empire he spent decades assembling with his family. Two ventures account for the bulk of
01:05the crypto windfall. World Liberty Financial, launched by his sons in 2024, brought in more
01:11than $500 million. And a separate business tied to the Trump meme coin generated a further $635
01:19million from token sales. While in power, Trump has enacted measures to deregulate the sector,
01:25causing asset prices to soar. The president's crypto activities are the main reason for the
01:30near tripling of his personal fortune.
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