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'It's incredible': CNN analysts stunned by 'enormous implications' of Trump crypto profits

2 weeks ago 9

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FILE PHOTO: U.S. President Donald Trump speaks next to Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, CEO of Cleveland Clinic Tom Mihaljevic and CEO of G42 Peng Xiao as he attends a business forum at Qasr Al Watan during the final stop of his Gulf visit, in Abu Dhabi, United Arab Emirates, May 16, 2025. REUTERS/Brian Snyder/File Photo

CNN analysts stressed the gravity of revelations of Trump's major profits from cryptocurrency.

According to a New York Times report, the Trump family profited to the tune of $1.4 billion through their cryptocurrency business. CNN anchor Anderson Cooper described the revelations as "incredible" and "stunning" as he spoke with other analysts. According to the Times report, Trump reeled in more than $2.2 billion in total revenue in 2025.

"It really is hard to overstate just how unusual and how historic this is," New York Times investigative reporter Eric Lipton told Cooper.

According to Lipton, the United Arab Emirates and Qatar bought half of the Trump family's crypto business. Lipton pointed out that the sons of Steve Witkoff, who was involved in negotiations with Iran, were also invested.

"We're talking about billions of dollars of financial ties between the UAE and the Trump family, at the same time as he is negotiating, sharing some of the most advanced technologies humans have ever created, and these AI chips with the UAE," Lipton explained. "There are enormous implications in foreign policy that are mixed up with the personal financial interests of the president."

Veteran tech journalist Kara Swisher said the Trump administration is "a coin-operated presidency, really. You just put money in to give to him, and then he gives you other things, and this is exactly what's happening with the crypto stuff."

She described the news of Trump's crypto profits as "astonishing," and mentioned that Trump's family is also profiting from a recent mining deal with Kazakhstan.

"It's a vig," Swisher said, using a loansharking term. "They go around from country to country shaking people down."

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