U.S. President Donald Trump (photo from White House) reported more than $1.4 billion in cryptocurrency-related earnings during his first full year back in office, according to his latest financial disclosure, placing his digital asset ventures at the centre of renewed political and regulatory scrutiny.
The 927-page filing, submitted to the U.S. Office of Government Ethics, details at least $2.2 billion in income during 2025, with cryptocurrency accounting for the largest share. According to NBC News, Trump’s crypto-related earnings totalled approximately $1.43 billion, making the sector his most lucrative business activity.
The disclosure is one of the most extensive ever submitted by a U.S. president and is substantially longer than those filed by previous administrations.
The largest portion of Trump’s crypto income came from $635 million in royalties from an entity called Celebration Coins, believed to be behind the $TRUMP meme coin launched shortly before he returned to the White House. According to NBC News, the filing also disclosed more than $236 million from additional crypto token sales, over $65 million from the sale of equity linked to Trump family crypto venture World Liberty Financial, and more than $290 million in income associated with cryptocurrency wallets connected to the project.
The BBC reported that World Liberty Financial, a decentralised finance company founded by Trump’s sons alongside the children of special envoy Steve Witkoff, generated more than $500 million in income during the reporting period.
Trump’s embrace of digital assets marks a reversal from his earlier criticism of cryptocurrencies. In 2021, he described Bitcoin as a scam, but during his presidential campaign, he pledged to make the U.S. the world’s leading crypto market. Since returning to office, his administration has pursued policies supporting the growth of digital assets, including regulatory reforms and legislation to expand the sector.
The White House rejected suggestions that Trump’s business interests create conflicts of interest, maintaining that his businesses are held in trusts managed by his sons and that investment decisions are handled by third-party financial institutions.
Trump also told reporters he does not manage his personal finances directly, saying investment firms oversee his assets without his involvement.
Unlike several previous presidents who divested assets or placed them in blind trusts before taking office, Trump retained ownership of his business interests. The Trump Organization has previously said that asset management and trading decisions are conducted independently through outside institutions.
The financial disclosure also revealed purchases and sales of shares in private prison operator GEO Group during 2025. According to NBC News, the investments coincided with rising numbers of immigrant detainees, although the disclosure reports many holdings as value ranges rather than exact amounts.
Although cryptocurrencies generated Trump’s largest earnings, his real estate portfolio continued to produce substantial income.
According to the BBC, Trump earned around $122 million from his golf club in Doral, Florida, approximately $77 million from Mar-a-Lago, and more than $30 million each from golf clubs in Bedminster, New Jersey, Jupiter, Florida and Turnberry, Scotland.
The filing also listed millions in royalties from Trump-branded products, including watches, Bibles, trainers, fragrances and guitars.
First Lady Melania Trump disclosed more than $10 million from a licensing agreement related to the documentary “Melania.” The BBC also reported that she earned approximately $6 million from sales of non-fungible tokens (NFTs), a sharp increase from the previous year.
The disclosure further listed about $80 million in income from legal settlements involving ABC, CBS, Meta, YouTube and Google. According to NBC News, the proceeds were directed to The Donald J. Trump Presidential Library Foundation. The filing also disclosed the receipt of gifted tickets to sporting events from organisations including FIFA, NASCAR, the PGA of America, and the UFC.
Forbes estimates Trump’s net worth at around $6 billion, while Bloomberg values it at approximately $7.6 billion.
Trump’s disclosure has added momentum to ongoing negotiations over the Clarity Act, legislation intended to establish a comprehensive federal framework for regulating digital assets.
According to The Block, Democratic lawmakers renewed calls for ethics provisions that would prevent presidents, vice-presidents and members of Congress from personally profiting from cryptocurrencies while in office. Several lawmakers argued that any market structure legislation should include clear safeguards governing elected officials’ financial interests in digital assets.
Republican Senator Cynthia Lummis also said ethics provisions remain part of bipartisan negotiations. According to The Block, she said discussions with Democrats and the White House continue and expressed confidence that the legislation can establish rules preventing elected officials from using public office to benefit from digital assets.
