Trump has made more than $1 billion from crypto in a year. How?

The U.S. president once called cryptocurrency a "scam". It’s now a major moneymaker for him. Donald Trump made over $1 billion from cryptocurrency in 2026, with his business dealings laid out in a 927-page mandatory report released by the U.S. Office of Government Ethics. But what exactly are Trump's crypto ventures and how does regulation play out here?