A president who built his brand on dealmaking now faces mounting questions over the biggest deal of all, struck in the volatile world of cryptocurrency.
US President Donald Trump wants a fast trial in the US Senate to exonerate him after the House of Representatives approved impeachment charges against him for abuse of power and obstruction Photo: AFP / JEFF KOWALSKY
Donald Trump was branded a ‘liar-in-chief’ on Thursday after insisting he had no prior knowledge of his family’s reported $500 million cryptocurrency haul, during a combative Oval Office interview at the White House. The clash came as Trump defended a new digital asset venture linked to his sons and their family business, following the release of financial disclosure forms showing vast earnings from the crypto sector.
Trump’s latest disclosure, published on Tuesday, listed more than $500 million in income from World Liberty Financial, a cryptocurrency platform he co-founded with his sons Donald Trump Jr and Eric Trump. The scale of the windfall has raised awkward questions about conflicts of interest at the very top of US politics, and whether the Trump family is using the presidency to cash in on speculative financial products.