White House rejects conflict-of-interest concerns as Trump’s crypto earnings soar – US politics live

Trump Reports $1.2 Billion in Crypto-Related Income for 2025, White House States No Conflicts Exist

The White House said President Donald Trump has positioned the United States as a leading cryptocurrency market after filings showed approximately $1.2 billion in income tied to his family’s digital asset activities during 2025. A 927-page disclosure released Tuesday by the U.S. Office of Government Ethics detailed the figures.

The document recorded nearly $550 million linked to World Liberty Financial, a firm co-founded in September 2024 by Trump’s sons and the son of Middle East special envoy Steve Witkoff. An additional $635 million appeared as royalties from a licensing agreement connected to the $TRUMP cryptocurrency, which began trading hours before the January 2025 inauguration.

Forbes estimated Trump’s net worth rose from $2.3 billion in 2024 to $6.5 billion in 2026, with the cryptocurrency holdings cited as the primary factor in the increase. Principal deputy press secretary Anna Kelly stated that neither the president nor his family has engaged in conflicts of interest. She added that all administration actions are taken in the interest of the American people.

In separate developments, the Supreme Court affirmed birthright citizenship under the 14th Amendment, ruling that nearly all individuals born on U.S. soil receive citizenship at birth. Chief Justice John Roberts wrote the majority opinion.

The Court also upheld statutes in two states that bar transgender girls and women from female sports categories. The decisions are expected to influence similar measures in other jurisdictions.

Justices agreed to review challenges to restrictions on AR-15-style rifles and other semiautomatic firearms in Connecticut and the Chicago area during the next term. The cases follow earlier rulings favoring Second Amendment claims.

President Trump announced that Republicans will hold a national convention in Dallas on September 9 and 10, the first such gathering scheduled outside a presidential election year. The event is intended to support efforts to retain congressional majorities in the November midterms.

Trump is scheduled to attend the opening of the Theodore Roosevelt Presidential Library on Wednesday. Roosevelt, during his presidency from 1901 to 1909, created five national parks and established authority for future presidents to designate national monuments. Interior Secretary Doug Burgum has since directed changes to Endangered Species Act implementation, migratory bird protections, and federal water designations.

Nearly 500,000 New York residents are scheduled to lose coverage under existing health insurance plans beginning July 1. The reductions stem from spending cuts enacted in HR 1, which lowered federal health expenditures by $911 billion while extending certain tax provisions. Community organizations in New York City are assisting affected individuals with alternative coverage options before a 60-day deadline.

California Governor Gavin Newsom posted on X that Trump’s disclosures illustrate gains from cryptocurrency holdings while some participants experienced losses.

In Colorado’s Democratic primary, Melat Kiros defeated 15-term Representative Diana DeGette in the 1st Congressional District. Kiros, 29, received support from Senator Bernie Sanders, the Democratic Socialists of America, and Justice Democrats. The district’s strong Democratic lean makes the primary outcome decisive for the November general election. Kiros was born in Ethiopia and graduated from Notre Dame Law School in 2022.

The Office of Government Ethics filings and court rulings constitute the primary documented records referenced in these events.