Trump Defends Market Profits Following Disclosure of $1.4B in Crypto Income

U.S. President Donald Trump has commented on his financial disclosures, which revealed that he made at least $1.4 billion from his crypto ventures last year. This comes amid criticism that the president’s involvement in crypto led to liquidity extraction, while lawmakers continue to negotiate over an ethics provision in the CLARITY Act.

Trump Cites Stock Market Rally As Reason For Profits

Speaking with reporters ahead of a trip, the president said that he is profiting because the stock market is going up, while also citing how others were also profiting from the market. He also revealed that he has no involvement in his investments, as they are managed by funds that manage his finances.

His comment follows a CoinGape report on President Trump’s 2025 financial disclosures, which showed he earned more than $1.4 billion in crypto-related income. The president mainly earned this sum from licensing deals involving his TRUMP meme coin and WLFI token sales.

However, President Trump failed to comment on these crypto profits and instead attributed his market gains to the stock market rally. The financial disclosure comes amid speculations that the president is day trading with multiple trades linked to his investment accounts.

Interestingly, he has gained a reputation for how much he talks about the stock market and its gains. The Trump administration has also notably taken stakes in companies such as Intel, whose stock is up as much as 500% since the investment.

CLARITY Act Odds Drop To New Low

The odds of President Trump signing the CLARITY Act into law this year have dropped to a new low. Polymarket data shows that there is now only a 39% chance of this happening, signaling that Congress is unlikely to pass the law this year.

The president’s crypto financial disclosure is likely to further shine a light on the Democrats’ push for an ethics provision in the CLARITY Act. In response to the disclosure, anti-crypto Senator Elizabeth Warren remarked that the crypto bill must stop the president and his family from continuing to profit off crypto. As CoinGape reported, the CLARITY Act faces a crucial two weeks before the Senate heads into recess.

Meanwhile, despite the CLARITY Act facing a race against time, some stakeholders are still optimistic that Congress will pass the bill. SEC Commissioner Hester Peirce recently said she is optimistic that the bill will pass this summer.