business
Trump filing shows he took in about $1.2 billion from crypto businesses last year
By BERNARD CONDON, Associated Press at KXAN (NBC Austin) - All News
· July 1, 2026
· 1 min read
NEW YORK (AP) — President Donald Trump took in nearly $1.2 billion dollars from his crypto businesses last year, a federal filing released Tuesday shows, locking in profits while his investors were socked with losses. Mere startups when he took the oath of office, the new ventures have now eclips...
Key takeaway 2 billion dollars from his crypto businesses last year, a federal filing released Tuesday shows, locking in profits while his investors were socked with losses.
Why this matters in Westlake News
The revelation that President Donald Trump's crypto businesses generated nearly $1.2 billion in revenue last year may have implications for the local economy in West Lake Hills . As the Austin area continues to grow as a hub for technology and innovation, the crypto industry's presence in the region is likely to expand. This could lead to increased investment and job opportunities in the area, potentially attracting new businesses and talent to West Lake Hills. However, the fact that Trump's investors reportedly suffered losses while he profited raises questions about the stability and transparency of the crypto market, which could impact local investors and businesses. As the city government and economic development organizations in West Lake Hills consider how to support and regulate the growing crypto industry, they will need to carefully weigh the potential benefits against the potential risks and ensure that any growth is sustainable and equitable.
About this story
Original reporting by KXAN (NBC Austin) - All News . Westlake News 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 .
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Category: business ·
Published: July 1, 2026 ·
Source: KXAN (NBC Austin) - All News ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? NEW YORK (AP) — President Donald Trump took in nearly $1.2 billion dollars from his crypto businesses last year, a federal filing released Tuesday shows, locking in profits while his investors were socked with losses. Mere startups when he took the oath of office, the new ventures have now eclips...
When was this published? This article was first published on July 1, 2026 by KXAN (NBC Austin) - All News and curated for Westlake News readers.
Who reported this story? This story was reported by BERNARD CONDON, Associated Press at KXAN (NBC Austin) - All News. To learn more about how Westlake News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from Westlake News, or browse our daily briefing and topic hubs .
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