President Donald Trump on Wednesday defended his nearly $1.4 billion dollar profit in crypto earnings during his first year back in office, telling reporters that “everybody’s profiting” from his presidency.

“You know why I’m profiting, because the stock market’s going up, everybody’s profiting,” Trump told reporters ahead of his flight on the new Air Force One donated by the government of Qatar, adding that Americans’ investments in their 401K retirement savings plans have increased in his second term.

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According to a new financial disclosure forms released by the U.S. Office of Government Ethics Tuesday,…