business
The Latest: Federal filing shows Trump took in about $1.2 billion from crypto businesses last year
By Associated Press at KPRC 2 Houston / 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 Magnolia News
In Magnolia , the news of President Trump's substantial revenue from crypto businesses may resonate with local entrepreneurs and small business owners who are exploring innovative ways to grow their own ventures. As the Houston area continues to evolve as a hub for technology and finance, the community may be watching to see how Trump's crypto investments impact the broader economy and potentially influence local business trends. Meanwhile, the involvement of US military personnel in Venezuela earthquake relief efforts is a reminder of the significant role that the Houston area plays in international humanitarian efforts, given its proximity to major military installations and logistics hubs. As the situation in Venezuela continues to unfold, Magnolia residents may be interested in learning more about how local organizations and individuals are contributing to the relief efforts.
About this story
Original reporting by KPRC 2 Houston / Click2Houston (NBC) . Magnolia 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 .
For the complete original report, visit KPRC 2 Houston / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 1, 2026 ·
Source: KPRC 2 Houston / 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 Houston / Click2Houston (NBC) and curated for Magnolia News readers.
Who reported this story? This story was reported by Associated Press at KPRC 2 Houston / Click2Houston (NBC). To learn more about how Magnolia News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from Magnolia News, or browse our daily briefing and topic hubs .
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