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Crypto windfall disclosed
President Donald Trump earned more than $1.4 billion from his cryptocurrency ventures in 2025, according to his personal financial disclosure released on Tuesday by the Office of Government Ethics.
“Trump earned over $1”
The disclosure said Trump earned $636 million from CIC Digital LLC, with the vast majority of that income coming from a $635 million license agreement with Celebration Coin to sell the president’s $TRUMP meme coin.
Trump also reported earning $526 million from the sale of cryptocurrency tokens through the Trump-connected firm World Liberty Financial, and he reported another $65 million from the sale of equity in WLF’s holding company.
The Office of Government Ethics disclosure also listed Trump’s reported income from investments in Stablecoin Holdco, LLC, the parent holding company of World Liberty Financial, at $196,875,000.
ABC News reported that one standout gift in the disclosure was a statue from Sticker Mule CEO Anthony Constantino, estimated at $250,000, depicting the president with his fist raised following the attempted assassination in Butler, Pennsylvania.
Trump blames outside managers
Speaking to reporters at Joint Base Andrews before boarding a Qatar-gifted jumbo jet converted to become the new Air Force One, Trump brushed off questions about his 2025 financial disclosure by saying, "I don't get involved in my personal — we have funds that run my money."
Trump told reporters, "I don't talk to them, they're big institutions, and they run it," adding that he does not speak to the people managing his investments.
CNBC reported that Trump made at least $2.24 billion in revenue in 2025 based on the employment assets and income he disclosed, compared with at least $622 million in 2024.
The White House denied conflict-of-interest concerns, with White House spokeswoman Anna Kelly telling CNBC in an email Wednesday, "Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest."
CNBC also reported that Trump said, "Well, you know why I'm profiting is the stock market's going up, everybody's profiting," after being asked about critics accusing him of profiting off the presidency.
Ethics debate and policy stakes
The 2025 disclosure, released by the US Office of Government Ethics, drew scrutiny over how Trump’s crypto earnings intersect with his role in shaping regulation, including the Guiding and Establishing National Innovation for US Stable coins (Genius) Act.
“President Donald Trump on Wednesday brushed off questions about the staggering amount of money reported in his sprawling 2025 financial disclosure, saying his investment decisions are made by outside parties and he's only profiting because the stock market is up”
In a statement cited by Fox Business, White House spokesperson Anna Kelly said, "President Trump proudly made the United States the crypto capital of the world through executive actions, supporting legislation like the GENIUS Act," as she dismissed conflict-of-interest concerns.
Fox Business reported that Trump’s disclosure listed more than $77 million from Mar-a-Lago in Palm Beach, Florida, and $4.7 million from a watch deal.
NBC News reported that Trump’s disclosure listed $635 million from a licensing agreement with a cryptocurrency group specializing in “meme” coins bearing his name, and it said the figures pushed his total crypto holdings past $1 billion.
The BBC said Trump’s annual financial disclosure for 2025 runs to 927 pages, and it reported that the filing showed 21,285 share trades during 2025 involving a huge number of companies.
