He said that other people were responsible for his investments, people he does not even know. At the same time, he believes there is “nothing wrong” with his crypto profits and that they are completely lawful. In particular, Trump’s memecoin (TRUMP) brought him $636 million, and World Liberty Financial — $588 million. According to analytics firm Nansen, 989,000 of the 1.48 million wallets holding the Trump token (67%) incurred losses of $3.8 billion. The bulk of the profits went to wallets that bought the token in the first hours after its listing. Democratic Senator Kirsten Gillibrand, citing Trump’s profits, proposed banning public officials from earning income from cryptocurrency. During the U.S. midterm elections, the pro-Trump super PAC MAGA Inc received $56.2 million from the crypto industry.