business
How Trump made more than $1 billion on crypto when most of his coin’s investors lost money
By CNN Newsource at KVIA ABC-7
· July 2, 2026
· 3 min read
By David Goldman, CNN
(CNN) — President Donald Trump launched his $TRUMP memecoin in the days leading up to his second inauguration, ushering in a pro-crypto administration – and a lucrative family business.
The venture that netted Trump hundreds of millions of dollars last year, part of over...
Key takeaway Fees Trump attributed his enormous 2025 wealth increase to the stock market.
Why this matters in The El Paso
The news of President Trump's substantial crypto gains may seem distant from El Paso 's local business landscape, but it raises questions about the potential impact of cryptocurrency ventures on our community. As El Paso continues to grow and attract new businesses, it's crucial to consider the risks and benefits associated with cryptocurrency investments. The story of $TRUMP memecoin's 97% implosion serves as a cautionary tale for local investors and entrepreneurs who may be tempted to jump into the crypto market. Furthermore, the fact that Trump's companies earned significant revenue from transaction and licensing fees highlights the importance of understanding the underlying business models and revenue streams behind cryptocurrency ventures. As El Paso's business community navigates the complexities of the crypto market, it's essential to prioritize transparency and accountability to protect local investors and promote sustainable economic growth.
About this story
Original reporting by KVIA ABC-7 . The El Paso 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 KVIA ABC-7 . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 2, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? By David Goldman, CNN
(CNN) — President Donald Trump launched his $TRUMP memecoin in the days leading up to his second inauguration, ushering in a pro-crypto administration – and a lucrative family business.
The venture that netted Trump hundreds of millions of dollars last year, part of over...
When was this published? This article was first published on July 2, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The El Paso, or browse our daily briefing and topic hubs .
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