Trump revives debunked George Washington 'two desks' claim amid scrutiny over $1.4B crypto fortune

Donald Trump cited historical presidents while defending his family's business interests after records revealed major earnings from crypto ventures
Donald Trump revived a disputed George Washington claim while defending his family's crypto earnings (AP Photos and Getty Images)
Donald Trump revived a disputed George Washington claim while defending his family's crypto earnings (AP Photos and Getty Images)

WASHINGTON, DC: Donald Trump reached back into history and revived a long-disputed claim about George Washington while defending his family's growing personal fortune after returning to the White House. The president faced scrutiny after his annual disclosure, filed on June 29 with the US Office of Government Ethics, revealed that he earned more than $1 billion from his family's cryptocurrency businesses last year.

The 927-page document showed that Trump earned more than $636 million through CIC Digital, a Trump Organization affiliate that manages his namesake cryptocurrency, $TRUMP. Another major contributor was World Liberty Financial, the Trump family-backed cryptocurrency venture, which generated nearly $600 million in earnings.



Trump claims George Washington had a separate desk for business

President Trump made the remarks while discussing his family's business interests after a reporter questioned his wealth during an exchange at the White House.

The president argued that he would not be the first leader to maintain private business interests while in office, citing John F. Kennedy, Franklin D. Roosevelt, and Theodore Roosevelt before saying George Washington was among the wealthiest figures in American history.

Trump then claimed Washington had a second desk for handling personal business matters in his presidential office.

U.S. President Donald Trump stops to speak to reporters after landing at Reading Regional Airport on June 23, 2026 in Reading, Pennsylvania. President Trump traveled to Pennsylvania to deliver...
President Donald Trump spoke to reporters after arriving at Reading Regional Airport in Pennsylvania on June 23, 2026 (Andrew Harnik/Getty Images)

“George Washington had two desks in his pre-White House. And they were right next to each other. One was for business, and one was for the presidency,” Trump insisted.

Trump said he "chooses" not to mix business with the presidency and repeated that he does not discuss business matters, including his sons’ “Trump Coin” cryptocurrency venture, with Donald Trump Jr. and Eric Trump.

“Crypto has a tremendous audience,” Trump claimed. “I’m very much for crypto-- it’s not a question of a personal thing. I let my kids do whatever the hell they do.”

“I don’t talk to them — ever — talk to them about it,” Trump insisted, though he added: “I’m allowed to! I think. I’m allowed to. But I don’t bother.”

George Washington at Home, from an old engraving by B.H. Hall, dated 1867. George and Martha Washington with two of her four children by her first marriage, Martha Parke Custis and John Park Custis. The other two died during their infancy. (Bettmann/Getty images)
George Washington appeared in an 1867 engraving by B.H. Hall showing him with family members at home (Bettmann/Getty images)

Did George Washington really have two desks?

Trump first made the claim about Washington having two desks in 2019 while dismissing what he called the “phony emoluments clause” of the Constitution, which limits a president from illegally profiting from business interests while in office.

At the time, Trump said Washington continued to run a business while serving as president and used two desks, one for business and one for presidential duties, to argue against what he described as unfair restrictions.

The claim was later disputed by the lead historian of a historical foundation that owns and maintains Washington’s Mount Vernon estate. 

President Donald Trump leaves the stage after speaking at the Burning Hills Amphitheater during the Theodore Roosevelt Presidential Library opening ceremony Wednesday, July 1, 2026. (AP Photo/Matt Rourke)
President Donald Trump spoke at the Theodore Roosevelt Presidential Library opening ceremony in July 2026 (AP Photo/Matt Rourke)

“I am not aware of Washington having had two desks in the study in the presidential mansion, which was a fairly small room,” the historian said.

As the nation’s first president, Washington took office in 1789, when modern standards separating presidential responsibilities from private financial interests had not yet been established.

Although Washington remained a plantation owner during his presidency, with his Virginia estate relying on enslaved labor, he stepped away from aspects of its daily operations after taking office.

GET BREAKING U.S. NEWS & POLITICAL UPDATES
STRAIGHT TO YOUR INBOX.

MORE STORIES

The document was reportedly among several items displayed during Trump and Xi Jinping's Archives tour after their three-day summit
1 hour ago
The 2025 plan could have shifted Missouri’s House delegation from six Republicans and two Democrats to a potential 7-1 GOP split
1 hour ago
National polling showed the economy remained the top concern, while immigration, Trump, healthcare and foreign policy drew voters’ attention
2 hours ago
US Ambassador to the UN Mike Waltz defended Trump's decision while Iran's foreign minister challenged Washington over the rejected offer
3 hours ago
John Kennedy said American forces could potentially reopen the waterway but opposed sending ground troops into Iran
3 hours ago
A day after dismissing Tehran’s terms, Trump said US envoys could return to indirect negotiations this week
4 hours ago
Treasury Secretary Scott Bessent made the remarks on Sunday as Trump rejected Iran's seven-day proposal for the Strait of Hormuz
5 hours ago
Attorney General Todd Blanche made the remarks on Sunday as CNN and other outlets challenged Trump's broader White House press ban in court
6 hours ago
Trump rejected Iran’s seven-day proposal to reopen the Strait of Hormuz as shipping disruptions continue
8 hours ago
'The timing of the trademark filing suggests that 'TRUMP TV' was rushed into existence,' a trademark attorney said
16 hours ago