President Donald Trump's latest annual financial disclosure shows crypto ventures generated more than $1.4 billion in income last year, making digital assets by far the largest source of his personal earnings during his second term.
The 927 page filing, submitted to the U.S. Office of Government Ethics and released Tuesday, covers calendar year 2025. It shows more than $500 million tied to World Liberty Financial, a crypto venture the president's sons Eric Trump and Donald Trump Jr. co-founded with business associates in 2024. Most of that sum came from sales of governance tokens, which give holders a vote on certain corporate decisions but no ownership stake in the company.
A separate entity linked to the dollar sign TRUMP meme coin added about 635 million dollars from token sales, the disclosure shows. Together, the two ventures pushed Trump's total reported income for the year above 2 billion dollars, ahead of longstanding revenue lines like his hotels and golf properties.
Steep losses for coin buyers
The paper gains disclosed in the filing stand in contrast to the experience of many buyers of the same tokens. The TRUMP coin, which briefly traded above 74 dollars shortly after its debut, has since fallen under 2 dollars. World Liberty's own tokens have lost roughly 80 percent of their value since trading opened last September, leaving many retail buyers well underwater even as the ventures funneled hundreds of millions of dollars to their founders.
Renewed conflict of interest questions
The scale of the crypto income has revived long running questions about Trump profiting from an industry his administration directly regulates. Lawmakers have also pointed to a reported 500 million dollar purchase of a 49 percent stake in World Liberty by a UAE linked firm, which came before the administration cleared access to advanced Nvidia chips previously restricted from export to the UAE. No public finding has tied the two events together.
A Public Opinion Strategies poll of 1,000 registered voters conducted in May found 62 percent did not trust the administration to regulate crypto fairly. Asked about the disclosure, White House Principal Deputy Press Secretary Anna Kelly said neither the president nor his family had ever been involved in a conflict of interest and never would be.
