business
The Latest: Federal filing shows Trump took in about $1.2 billion from crypto businesses last year
By The Associated Press at Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar)
· July 1, 2026
· 1 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 hi...
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 The Odessa
The revelation that President Donald Trump's crypto businesses generated $1.2 billion in revenue last year may have significant implications for the Permian Basin's own burgeoning cryptocurrency industry. As a major hub for energy production, Odessa is already poised to play a key role in the growing demand for power to fuel cryptocurrency mining operations. The success of Trump's crypto ventures could potentially attract more investment and attention to the region, creating new opportunities for local businesses and entrepreneurs. Furthermore, the contrast between Trump's profits and the losses incurred by his investors may also spark renewed discussion about the need for clearer regulations and protections for investors in the cryptocurrency sector, an issue that could resonate with local leaders and residents in Odessa who are eager to see the industry grow in a responsible and sustainable manner.
About this story
Original reporting by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) . The Odessa 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 Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 1, 2026 ·
Source: Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) ·
Reading time: 1 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 hi...
When was this published? This article was first published on July 1, 2026 by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) and curated for The Odessa readers.
Who reported this story? This story was reported by The Associated Press at Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar). To learn more about how The Odessa selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Odessa, or browse our daily briefing and topic hubs .
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