Trump Responds to $1.4B Family Crypto Holdings Disclosure on July 3, Denies Illegality

According to Bloomberg, on July 3, President Trump responded to his family's cryptocurrency holdings disclosure showing at least $1.4 billion in gains during an CNBC interview, stating "there's nothing illegal about this, it's not a problem at all." Trump claimed he was unaware of the specific details of the crypto business and noted his investments are managed by large institutions whose managers he does not know. He added, "I could have known, but I don't know." Trump expressed his goal to ensure the United States maintains a leading position in the crypto sector, saying "anything we do, I want to be first, and we are first in crypto."
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