Last year, US President Donald Trump reported over $1.4 billion (£1.05 billion) in revenue from cryptocurrency ventures, as detailed in his required financial disclosure.
In a thorough 927-page report, he indicated receiving $635 million in royalties from an entity known as Celebration Coins, which is believed to be linked to the $TRUMP meme coin that has significantly dropped in value since its launch just before he assumed office.
Moreover, he disclosed more than $500 million in earnings from World Liberty Financial, a cryptocurrency company co-founded by his sons and the children of his special envoy, Steve Witkoff.
The White House refuted claims that he is monetizing his presidency. Trump noted that “everyone” benefits from the upward trend in stock markets and stated that he does not engage in managing his personal finances.
His latest financial statement reflects total earnings related to cryptocurrencies amounting to $1,430,390,415.
In contrast, Trump’s total income for the previous year was at least $2.2 billion, which is significantly greater than the reported earnings for 2024, where he noted over $600 million.
The White House has consistently stated that Trump has placed his business interests in a trust overseen by his sons to mitigate any conflict of interest.
Deputy press secretary Anna Kelly emphasized that the president has successfully positioned the US as “the crypto capital of the world.”
“Neither the President nor his family has engaged in – or will engage in – conflicts of interest,” she asserted in a statement.
Additionally, she remarked: “All actions by President Trump and his administration prioritize the best interests of the American people – and any ‘reporters’ suggesting otherwise are merely recycling the outdated, false narratives pushed by Democrats and the mainstream media for years.”
The President himself has pointed out his exemption from federal conflict of interest legislation.