business
Democrats in Congress demand answers over Trump's $1.2 billion crypto earnings disclosure
By Nathaniel Reed at KXXV (ABC 25) News
· July 2, 2026
· 2 min read
President Donald Trump earned over $1 billion from royalty agreements and payouts tied to crypto funds championed by his family and businesses, according to his latest financial disclosure. The White House says Trump has done nothing improper and has argued he has taken a financial loss by becomi...
Key takeaway RELATED STORY | Trump earned millions from Bibles, watches and sneakers alongside crypto boomTrump addressed the scrutiny before boarding Air Force One, which the government of Qatar gifted to the United States at a value of $400 million.
Why this matters in The Waco
The revelation of President Trump's substantial crypto earnings has significant implications for the local business community in Waco . As the city continues to grow and attract new investments, the lack of transparency and potential conflicts of interest in the president's financial dealings could have a ripple effect on the local economy. The fact that Trump's crypto ventures have eclipsed his traditional property portfolio in revenue raises questions about the stability and diversity of the local business landscape. Furthermore, the Democrats' push for more rigorous oversight of the president's financial dealings could lead to increased scrutiny of local businesses with ties to the crypto industry, potentially impacting their operations and growth prospects in Waco. As the midterm elections approach, local business leaders will be watching closely to see how the situation unfolds and how it may impact their own investments and operations.
About this story
Original reporting by KXXV (ABC 25) News . The Waco surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KXXV (ABC 25) News . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 2, 2026 ·
Source: KXXV (ABC 25) News ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? President Donald Trump earned over $1 billion from royalty agreements and payouts tied to crypto funds championed by his family and businesses, according to his latest financial disclosure. The White House says Trump has done nothing improper and has argued he has taken a financial loss by becomi...
When was this published? This article was first published on July 2, 2026 by KXXV (ABC 25) News and curated for The Waco readers.
Who reported this story? This story was reported by Nathaniel Reed at KXXV (ABC 25) News. To learn more about how The Waco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Waco, or browse our daily briefing and topic hubs .
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