Trump Crypto Profits of $1.4 Billion Draw Disapproval From 63% of Americans

Source Beincrypto

Most Americans view President Donald Trump’s crypto earnings as improper, according to a Reuters/Ipsos poll in which 63% of respondents called the profits his family drew from digital assets inappropriate.

The same survey found that 69% believe his private business interests shape his presidential decisions. Half of Republican respondents shared that view.

Poll Puts Trump’s $1.4 Billion Crypto Income Under Scrutiny

The online survey covered 1,166 US adults between August 14 and August 17. It carried a margin of error of 3 percentage points for all Americans and 5 points for each party group.

About 32% of respondents defended the family’s crypto earnings. Among Republicans, roughly 69% described it as appropriate, while 27% did not.

Americans’ View on Trump’s Crypto ProfitAmericans’ View on Trump’s Crypto Profit. Source: Reuters

The sums involved are large. Trump reported more than $1.4 billion last year from family crypto ventures, according to his financial filings. Those ventures included World Liberty Financial (WLFI) and his self-branded meme coin.

Richard Painter, chief ethics lawyer under President George W. Bush, noted that the mix of business and office has no modern parallel.

“We have seen nothing like this before, even the first Trump administration did not have as many complex business interests as the second,” he said.

Follow us on X to get the latest news as it happens

White House Rejects Conflict Claims as Midterms Near

White House has repeatedly dismissed the criticism, affirming that independent financial institutions manage the President’s investments and that no conflicts exist.

“There are no conflicts of interest…The President only acts in the best interests of the American public,” White House spokeswoman Anna Kelly said in a statement.

Congressional pressure has grown regardless. Senate Democrats requested committee hearings in July into the national security implications of the President’s crypto holdings.

Token performance complicates the political argument. Official Trump (TRUMP) trades near $1.7, down about 81% over the past year, and Trump-endorsed tokens sit below their pre-endorsement prices.

Official Trump (TRUMP) Price Performance.Official Trump (TRUMP) Price Performance. Source: BeInCrypto Markets

Public dissatisfaction stretches beyond his digital asset ventures. A separate Financial Times poll this month found 53% of registered voters said their finances had worsened under his presidency.

Democrats led Republicans 44% to 39% in that survey. Whether that translates into seats will be settled in November.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Is Suddenly a Hedge Again, VanEck Says: What Changed?Bitcoin (BTC) is rallying again, and VanEck’s Matthew Sigel says it is finally acting like the hedge it was built to be.Sigel, head of digital asset research at VanEck, ties the move to fears over US
Author  Beincrypto
8 hours ago
Bitcoin (BTC) is rallying again, and VanEck’s Matthew Sigel says it is finally acting like the hedge it was built to be.Sigel, head of digital asset research at VanEck, ties the move to fears over US
placeholder
MicroStrategy Erases 2-Month Loss as Crypto Stocks Rally: Is the Damage Over?Strategy, the company once called MicroStrategy (MSTR), rose 6.9% to $111.14 on Thursday afternoon. That is its best price since June 18, which wipes out a two-month slide.The stock market has forgive
Author  Beincrypto
8 hours ago
Strategy, the company once called MicroStrategy (MSTR), rose 6.9% to $111.14 on Thursday afternoon. That is its best price since June 18, which wipes out a two-month slide.The stock market has forgive
placeholder
Anthropic IPO May Top SpaceX Record: Will It Raise $100 Billion?Anthropic expects its stock market debut to match or beat the largest listing in history, according to people familiar with the matter. The bar is SpaceX, and it sits at $85.7 billion.The Claude devel
Author  Beincrypto
8 hours ago
Anthropic expects its stock market debut to match or beat the largest listing in history, according to people familiar with the matter. The bar is SpaceX, and it sits at $85.7 billion.The Claude devel
placeholder
$248 Million Mutual Fund Invests in Ripple. Does It Matter for XRP?Kinetics Internet Portfolio, a mutual fund with $248 million in assets, disclosed a direct equity stake in Ripple Labs itself rather than in XRP, according to a newly filed SEC report.The distinction
Author  Beincrypto
8 hours ago
Kinetics Internet Portfolio, a mutual fund with $248 million in assets, disclosed a direct equity stake in Ripple Labs itself rather than in XRP, according to a newly filed SEC report.The distinction
placeholder
Walmart Just Gave Markets an Nvidia Scare: Is the US Consumer Tapped Out?Walmart (WMT) stock fell nearly 6% before Thursday’s opening bell, a drop worth roughly $50 billion in market value. A rare sales miss revealed the retailer’s slowest US growth in six years.Markets tr
Author  Beincrypto
8 hours ago
Walmart (WMT) stock fell nearly 6% before Thursday’s opening bell, a drop worth roughly $50 billion in market value. A rare sales miss revealed the retailer’s slowest US growth in six years.Markets tr
goTop
quote