Sen. Elizabeth Warren (D-Mass.) said on Wednesday that President Donald Trump chose to be the “cryptocurrency industry’s biggest profiteer” over being a leader for working people.
‘Corrupt’ Crypto Profits
Financial disclosures revealed that Trump earned approximately $1.4 billion in 2025 from cryptocurrency-related ventures, more than any publicly traded cryptocurrency company in the U.S. Overall, he reported over $2 billion in profits in the first year of his presidency.
“You can be the crypto industry’s biggest profiteer, or you can be a president for working people. You can’t be both,” the Warren said, adding that Trump chose his “corrupt” cryptocurrency profits.
Uproar Continues Over Trump’s Crypto Windfall
Trump netted over $520 million from the sale of tokens issued by World Liberty Financial and more than $635 million in royalties collected from the Official Trump (CRYPTO: TRUMP) memecoin.
This happened while nearly one million TRUMP memecoin holders collectively incurred $3.81 billion in losses.
Trump insisted his cryptocurrency earnings were neither “illegal” nor “wrong,” and that the U.S. must lead in cryptocurrency or risk losing ground to China.
At the same time, his strong advocacy for the Clarity Act has raised scrutiny. Warren has pointed to “significant flaws” in the bill’s current draft and accused the Senate of “prioritizing legislation that could further boost the Trump family’s cryptocurrency businesses.”
A White House spokesperson told Benzinga earlier that all actions by the Trump administration are taken in the “best interest of the American people,” while rejecting any suggestions of “conflict of interest.”
The spokesperson also accused the media of “recycling” a tired narrative that Democrats have “pushed” for a decade.
Photo Courtesy: Bryan J. Scrafford on Shutterstock.com
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