Trump earned $1.4bn from crypto in first year back in office, financial disclosure shows

President Donald Trump earned more than $1.4 billion from cryptocurrency ventures during 2025, the first year of his second term, according to a 927-page financial disclosure filed on Tuesday with the US Office of Government Ethics.

The document, one of the longest presidential disclosure filings on record, shows that crypto income now dwarfs the real estate and licensing businesses that built Trump's public profile. By comparison, his Mar-a-Lago club in Palm Beach, Florida, reported around $77 million in income, and his Doral golf club in Florida generated around $122 million.

Meme coin royalties lead the figures

The single largest crypto entry is $635 million in royalties from a company that issues $TRUMP, a crypto token that Trump launched three days before taking office for his second term. The filing attributes the payment to an entity named "Celebration Coins", operating through CIC Digital LLC, an affiliate of the Trump Organisation. NBC News reported it could find no digital footprint for "Celebration Coins"; a representative for the Trump Organisation did not respond to requests for comment.

The $TRUMP token, a meme coin typically used for commemorative purposes rather than as a currency, reached a peak value of $74.24 within a day of launching. On Tuesday evening, its price stood at $1.67, according to Coinbase.

Roughly 800 million of the one billion tokens created at launch were retained by Trump-affiliated entities, meaning insiders held 80 percent of the supply before retail investors could buy in.

World Liberty Financial adds more than $500 million

Trump also reported more than $500 million in income from token sales by World Liberty Financial, a cryptocurrency company backed by the president and his family, and around $65 million from equity sales in the firm that controls it.

World Liberty Financial was launched during the 2024 presidential campaign. It was co-founded by the president, his sons Eric and Donald Jr., and Zack and Alex Witkoff, the sons of US special envoy and longtime Trump friend Steve Witkoff.

Its ventures include USD1, a stablecoin pegged at $1 per coin designed to serve as a store of value. The firm takes 75 percent of net revenue from its token sales, according to its own public reports.

World Liberty Financial drew scrutiny after an Abu Dhabi government-owned wealth fund used the USD1 stablecoin to facilitate a multibillion-dollar investment in the crypto exchange Binance. The co-founder of Binance, Changpeng Zhao, had received a pardon from Trump for financial crimes.

Conflict-of-interest warnings

A White House spokesperson said in a statement on Tuesday that "neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest," adding that "President Trump proudly made the United States the crypto capital of the world through executive actions, supporting legislation like the GENIUS Act."

Democratic senators have pushed back on that position. Senators Elizabeth Warren of Massachusetts and Jeff Merkley of Oregon wrote in a June letter that "the launch of a stablecoin directly tied to a sitting President who stands to benefit financially from the stablecoin's success is an unprecedented conflict of interest presenting significant threats to both our financial system and our democracy."

The Senate voted to pass the GENIUS Act 68 to 30; it would allow the federal government to issue licences for stablecoin issuers and require those products to be backed by US dollars or other cash equivalents. Critics argue the bill does not go far enough to strengthen oversight over an industry from which the president's family benefits directly.

A Reuters investigation published in June 2026 estimated that the Trump family realised at least $2.3 billion in profits from four primary crypto projects with minimal personal capital at risk. On the other side of that windfall: more than a million investors whose net losses totalled $2.3 billion at the end of April, according to the Reuters analysis.

The wider disclosure

Beyond crypto, the filing records other significant income lines. The president listed several legal settlements with tech and media companies, including $16 million from ABC, $16 million from CBS, $24.5 million from Meta, $22 million from YouTube and $8 million from X. Most of that money was paid to his future presidential library or the Trust for the National Mall, not to the president personally.

An ethics official noted that Trump received a 45-day extension to file the report and "paid late filing fees related to transactions not previously reported" on earlier disclosures.

The figures cover 2025 — the first year of Trump's second term — as disclosed to the US Office of Government Ethics. By comparison, President Barack Obama's final disclosure form was eight pages, while President Joe Biden's was 11.

The disclosure does not give precise totals for all holdings. Because many amounts are reported as ranges, it is impossible to state exactly how much Trump earned last year from his tens of thousands of investments.