President Donald Trump suggested on Thursday that he was not aware of the extent of his digital asset holdings but said there was nothing illegal about his involvement, following disclosures about his family companies’ crypto windfall.

Millions of crypto investors around the world are sitting on losses as a painful bear market erases trillions of dollars in paper profits.

President Donald Trump has officially transformed his newfound love for cryptocurrency into a massive billion-dollar windfall. According to a recent financial disclosure, his family’s digital asset ventures generated extraordinary personal profits over the last year.

President Trump denied Thursday there was anything illegal in the massive profits from cryptocurrency seen in his financial disclosure forms released this week. “I could know about it. I didn’t.