business
The Latest: Federal filing shows Trump took in about $1.2 billion from crypto businesses last year
By Associated Press at KPRC 2 / Click2Houston (NBC)
· July 1, 2026
· 13 min read
President Donald Trump took in nearly $1.2 billion 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 eclipsed in revenue much of his...
Key takeaway 2 billion 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 The Piney Point
The revelation that President Donald Trump's crypto businesses raked in nearly $1.2 billion last year may have significant implications for the Houston area, home to a thriving tech industry. As a major hub for cryptocurrency and blockchain innovation, Houston could potentially see an influx of investment and interest in the sector, particularly if Trump's ventures continue to drive growth. However, the fact that his investors suffered losses while Trump locked in profits may also raise concerns about the risks and volatility associated with crypto investments, which could impact local businesses and individuals who have invested in these ventures. Meanwhile, the city's diverse population, including its large Venezuelan and Cuban communities, may be more directly affected by the federal government's actions, such as the relief efforts in Venezuela and the move to deport Cubans living in the US.
About this story
Original reporting by KPRC 2 / Click2Houston (NBC) . The Piney Point 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 KPRC 2 / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 1, 2026 ·
Source: KPRC 2 / Click2Houston (NBC) ·
Reading time: 13 min
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Frequently asked about this story
What is this story about? President Donald Trump took in nearly $1.2 billion 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 eclipsed in revenue much of his...
When was this published? This article was first published on July 1, 2026 by KPRC 2 / Click2Houston (NBC) and curated for The Piney Point readers.
Who reported this story? This story was reported by Associated Press at KPRC 2 / Click2Houston (NBC). To learn more about how The Piney Point selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Piney Point, or browse our daily briefing and topic hubs .
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