US President Donald Trump disclosed more than $1.4 billion in cryptocurrency-related income over the past year, according to his latest annual financial disclosure, underscoring the growing role digital assets now play in his financial portfolio.
The 927-page filing, released on Tuesday by the US Office of Government Ethics, shows that earnings from crypto ventures significantly exceeded income from many of Trump's traditional businesses, including his golf resorts and real estate properties.
The largest reported crypto-related income was $635 million in royalties tied to a licensing agreement with Celebration Coins. The agreement is linked to the $TRUMP meme coin, which was launched shortly before Trump's inauguration in January 2025. Although the token briefly reached a multibillion-dollar valuation, it has since lost more than 95% of its peak value, leaving many investors with substantial losses despite the reported royalty income.
Trump also disclosed more than $525 million from World Liberty Financial, a cryptocurrency venture co-founded by his sons and business associates, including envoy Steve Witkoff. The filing further reported $65 million from an equity sale and nearly $197 million in net proceeds from a stablecoin transaction.
The disclosure lists Trump's digital asset holdings as "more than $50 million" in bitcoin and between $5 million and $25 million in ethereum. However, US ethics rules require officials to report assets within broad value ranges, making it impossible to determine the precise size of his cryptocurrency portfolio.
Crypto appears to have become Trump's largest source of reported income. By comparison, Trump National Doral generated $121 million, up from $110 million a year earlier, while Mar-a-Lago contributed $77 million, compared with $56 million in the previous filing.
The report also details more than $86 million in legal settlements involving companies including X, ABC, CBS, YouTube and Meta. In addition, Trump reported income from various licensing and branding agreements covering products such as watches, sneakers, fragrances and books.
Responding to criticism over potential conflicts of interest, White House spokeswoman Anna Kelly said Trump had helped establish the United States as a global leader in cryptocurrency through executive actions and legislation. She rejected allegations of ethical conflicts, saying neither Trump nor his family had acted improperly.
Critics, however, argue that the president's extensive crypto interests raise ethical concerns because his administration has advanced policies viewed as supportive of the digital asset industry while he continues to maintain ownership of his business interests rather than placing them into a blind trust.
The filing also shows that First Lady Melania Trump earned millions through licensing agreements, including more than $10 million tied to her documentary and over $6 million from NFT and collectible sales.