US President Donald Trump’s latest annual financial disclosure, released Tuesday by the US Office of Government Ethics, shows that cryptocurrency-related ventures generated more income for him in 2025 than his longstanding real estate and resort businesses. The 927-page filing disclosed more than $1.4 billion in income tied to digital asset ventures, reflecting the growing role of crypto within Trump’s business portfolio.
The disclosure arrives as the Trump administration continues to pursue policies aimed at expanding the digital asset industry. During 2025, the administration promoted a more favorable regulatory environment for cryptocurrencies and issued executive actions supporting the sector, developments that coincided with significant growth in the Trump family’s crypto businesses.
Responding to questions about the disclosure, White House Deputy Press Secretary Anna Kelly said:
“Neither the President nor his family has ever engaged – or will ever engage – in conflicts of interest.” She added that Trump had “proudly made the United States the crypto capital of the world.”
Recently, President Donald Trump signed executive orders to accelerate U.S. quantum computing development and strengthen cybersecurity by advancing post-quantum encryption and federal research efforts.
Memecoin and World Liberty Financial Led Crypto Earnings
Trump’s largest crypto income came from Trump-branded memecoin royalties, generating approximately $635 million through a licensing agreement with Celebration Coins.
World Liberty Financial, the decentralized finance platform co-founded by Trump and his sons, generated nearly $800 million in reported income in the latest financial disclosure. The filing shows the income included more than $520 million from crypto token sales and more than $250 million from the sale of interests in the World Liberty business.
The latest filing also highlights the rapid expansion of Trump’s crypto business. Last year’s disclosure reported about $57.35 million from World Liberty Financial, while the latest filing shows nearly $800 million in related income.
The disclosure shows cryptocurrency ventures have become a larger reported source of income than Trump’s traditional real estate and hospitality businesses. Trump also disclosed holding more than $50 million worth of Bitcoin, along with other digital assets.
Disclosure Renews Debate Over Ethics and Financial Transparency
The Trump Organization said the nearly 1,000-page filing demonstrates its commitment to transparency, describing it as one of the most comprehensive presidential financial disclosures ever submitted, according to Reuters.
Organization said in a statement:
“At nearly 1,000 pages, it represents one of the most comprehensive financial disclosure reports ever submitted and demonstrates a level of financial transparency unmatched in presidential history,”
The disclosure also prompted criticism from Public Citizen, a nonprofit consumer advocacy organization. The group described Trump’s crypto activities as an “obscene crypto grift” and argued that his financial interests now overlap with an industry his administration is helping regulate.
Public Citizen co-president Robert Weissman urged Congress to take action, stating that Trump’s personal financial interests in cryptocurrency could influence legislation affecting the digital asset industry.
The disclosure shows cryptocurrency ventures have become a larger source of income than Trump’s traditional real estate and hospitality businesses. Separately, Galaxy Research noted on X that the financial disclosure indicates Trump holds more than $50 million worth of Bitcoin in a cold wallet.
In a investigation published in June 2026, the news agency estimated that Trump-linked cryptocurrency ventures generated about $2.3 billion while outside investors suffered comparable losses based on blockchain data, corporate filings, and public financial records.
The filing underscores how digital asset ventures have become a central part of Trump’s business portfolio, marking a significant shift from the real estate and hospitality businesses that historically generated most of his reported income.
