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The Key Ways Trump’s Financial Interests Intersect With Government Policy

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President Trump’s business holdings, which garnered him more than $2 billion last year, create potential conflicts of interest surpassing any predecessor.

President Trump’s financial investments have vastly escalated during this second term.Credit...Doug Mills/The New York Times

July 1, 2026, 7:01 p.m. ET

When President Trump’s annual financial disclosure was released on Tuesday, it showed that he reaped at least $2.2 billion from his various businesses last year, a singular haul for a president. Many of the gains stemmed from ventures that intersect with his administration, posing unparalleled potential conflicts of interest.

The White House rejected the idea the president is using his power for his personal benefit. “Neither the president nor his family has ever engaged — or will ever engage — in conflicts of interest,” said Anna Kelly, a White House spokeswoman.

Here are some of the biggest moneymakers for Mr. Trump and how they could be affected by his administration’s policies:

The Trump administration has eased enforcement of crypto companies and rolled back regulations, even as the president and his family have embraced the industry and launched their own crypto company. In 2025, Mr. Trump made $1.4 billion from his family’s cryptocurrency businesses, the bulk of his overall revenue.

Last year, an investment firm tied to the United Arab Emirates, a key U.S. ally, bought nearly half of the Trump family’s main crypto company, World Liberty Financial. Four months later, the Emiratis struck a deal with the Trump administration — over the objections of some national security officials — for the export of valuable computer chips that power artificial intelligence.

The earnings from foreign investment were $263 million.

Mr. Trump launched his own memecoin three days before his inauguration as his supporters and top industry executives gathered in Washington for an event dubbed the Crypto Ball. In the following months, the S.E.C. issued two statements announcing that the novelty digital assets are not subject to regulatory oversight because they are not considered securities.

The earnings were $636 million.

In March 2025, World Liberty launched a digital currency called a stablecoin, a form of cryptocurrency pegged to an actual asset like the U.S. dollar. Two months later, a U.A.E. firm transferred $2 billion into the new coin, the largest single stablecoin transaction in the industry’s history, boosting profits from the Trump family and its investors. In July 2025, Mr. Trump signed legislation promoting stablecoins.


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