US Treasury Secretary: Trump's crypto profits appear to have no issues

U.S. Treasury Secretary Scott Bessent told CBS News that President Donald Trump's disclosed cryptocurrency profits appear to have no issues. His remarks follow the release of data showing the president has earned approximately $1.4 billion from the memecoins TRUMP and World Liberty Financial (WLFI) since his second term began. Democrats have criticized the earnings as a potential conflict of interest amid the Trump administration's push for cryptocurrency deregulation. Bessent responded by describing the government as an innovation administration, arguing that the American public is benefiting from the growth of tech ecosystems like digital assets and artificial intelligence (AI). A White House official also told CBS there is no conflict of interest in the matter.