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Donald Trump on Monday denied allegations of a conflict of interest tied to his family’s cryptocurrency ventures, as newly disclosed financial records reveal the Trump family earned over $1 billion last year from digital asset investments and related businesses. The revelation comes amid heightened scrutiny of the former president’s financial dealings, with legal experts warning that such earnings could complicate his 2024 presidential campaign. “This isn’t just about money—it’s about the transparency of power,” said legal analyst Rachel Lin, referring to the potential for regulatory conflicts. According to a report by Bloomberg, the Trump family’s crypto income surged compared to 2024, driven largely by stakes in Bitcoin and Ethereum exchanges.
How the Tech Sector Absorbs the Shock
The Trump family’s financial disclosures, obtained by Reuters, show that crypto accounted for a significant portion of the family’s total revenue in 2025, up from a smaller portion in 2023. This shift has drawn attention from regulators, with the Securities and Exchange Commission (SEC) launching an investigation into whether the Trumps’ crypto holdings violated insider trading laws. “The SEC is watching closely,” said former commissioner Elise Stephenson, who noted that “the line between personal investment and corporate interest is increasingly blurred in the crypto space.” The Trump campaign has not responded to requests for comment, but a spokesperson reiterated that the family’s crypto activities are “fully compliant with all federal regulations.”
The Vatican’s Unprecedented Move
Separately, the Vatican announced the declaration that the traditionalist Society of St. Pius X has entered schism, a traditionalist Catholic group that has long opposed reforms from the Second Vatican Council. The declaration, issued by the Congregation for the Doctrine of the Faith, marks the first time the Vatican has formally declared a schism with a major religious order since the 19th century. “This is a historic moment,” said Father Michael O’Connor, a Vatican analyst. “The SSPX’s refusal to recognize papal authority on liturgical and doctrinal matters has created a rift that could not be bridged.” The SSPX, founded in 1965, has been in a state of irregularity with the Church for decades, but the excommunication formally severs all ties, barring members from participating in Catholic sacraments.
Why the Vatican’s Decision Matters
The move reflects broader tensions within the Catholic Church over modernization and authority. The SSPX’s leaders have criticized the Vatican’s embrace of ecumenism and social reforms, arguing that traditional practices are under threat. “This isn’t just a religious issue—it’s a battle over the soul of the Church,” said historian Dr. Anna Ricci, referencing the group’s influence in parts of Europe and Latin America. The excommunication also raises questions about the Vatican’s ability to manage internal dissent, particularly as other conservative factions within the Church
