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Treasury Secretary Scott Bessent said the recent disclosure of President Trump's cryptocurrency earnings raises no ethical concerns, offering a direct rebuttal with the statement: "I don't think there's an appearance problem." Bessent addressed the crypto disclosure alongside an update on the administration's tax-deferred Trump Accounts and his assessment of conditions in the U.S.
Bessent Defends Trump's Crypto Position The Treasury Secretary's comment constitutes the administration's clearest on-record response to questions surrounding Trump's personal cryptocurrency earnings since those earnings were disclosed.
Bessent did not elaborate on the nature, composition, or scale of the holdings in publicly reported remarks.
The defense carries institutional weight coming from the head of the Treasury Department, which sits at the center of U.S. financial regulation and policy.
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