Trump’s 2025 Crypto Disclosure Lists $1.4 Billion in Earnings

President Donald Trump’s 2025 annual financial disclosure, released by the US Office of Government Ethics on June 30, lists more than $1.4 billion in income from his family’s cryptocurrency ventures for the year. The 927-page document covers Trump’s second term in office and is dominated by token sales at World Liberty Financial, the DeFi project his sons co-founded, and a $635 million royalty tied to a meme coin bearing his name. The figures put crypto proceeds ahead of every other line in the Trump business empire for 2025, including golf resorts, hotels, and overseas real estate.

The disclosure arrives as Trump’s administration has moved aggressively to reshape crypto policy in the United States, signing the GENIUS Act into law in July 2025 and dropping a Securities and Exchange Commission case against Coinbase earlier in the year. Five Democratic senators, including Elizabeth Warren and Richard Blumenthal, have already asked their Republican colleagues to back sworn testimony from administration officials about crypto dealings, pointing to a $187 million stake in World Liberty Financial held by an entity tied to the deputy ruler of Abu Dhabi. Trump did not divest his assets or place them in a blind trust before returning to office, and the Trump Organization has said the assets are managed by third parties through automated technology. The White House says there are no conflicts of interest and has called the disclosure itself proof of unmatched transparency.

The Filing’s Specific Lines, Not a Single Sum

The 927-page disclosure filed this week does not give a single bottom-line figure for Trump’s crypto income. Instead, it lists dozens of separate transactions across holding companies, governance tokens, equity sales, and individual crypto wallets held in entities such as DT Marks DEFI LLC and DT Marks SC LLC. Within the WLFI structure, the largest single line is $236.25 million in net proceeds from token sales distributed by World Liberty Financial LLC, recorded under DT Marks DEFI LLC.

A second large entry sits inside DT Marks SC LLC: $196.875 million in net proceeds from capital contributions by new members and the sale of Class C units of Stablecoin Holdco LLC, the vehicle behind WLFI’s USD1 stablecoin. A third WLFI-linked line, $65.625 million, reflects net proceeds from the sale of equity in WLF Holdco LLC, the holding company for the World Liberty Financial business. Smaller proceeds flow in from holdings in Chainlink, AAVE, ENA, Move, and Ondo tokens, the disclosure says, without giving individual totals.

Beyond the WLFI structure, the filing reports $150.6 million from an Ethereum wallet, $56.04 million from a USDC wallet, $42.25 million from a Virtual USD wallet, and $33.46 million from a Bitcoin wallet. Crypto holdings are valued separately: the Ethereum and Bitcoin wallets are each listed at more than $50 million, governance tokens in World Liberty Financial at more than $50 million, and $1.82 million in validator rewards came through a Coinbase staking agreement.

The $635 Million Meme Coin Fortune

A second chunk of the crypto haul sits outside World Liberty Financial, under CIC Digital LLC, the Trump entity that licensed the TRUMP meme coin to a group called Celebration Coins. The disclosure lists a $635,068,835 royalty paid to CIC Digital LLC under that licensing agreement, with that single line larger than any individual WLFI entry. NBC News reported that no digital footprint could be found for Celebration Coins, and a Trump Organization representative did not respond to requests for comment at the time of publication. The arrangement is the second major crypto-licensing relationship CIC Digital has held since Trump returned to office, and it surfaces a sector of his business that did not exist on prior presidential disclosures.

The meme coin’s value collapsed after its launch, though the disclosure does not capture that. According to PBS, the coin spiked above $74 in the days after its January 2025 launch and was trading at $1.68 by the time of the disclosure, a drop of more than 97% from its peak. The royalty on the form reflects gross proceeds, not net gains to Trump’s holdings or to outside buyers. The filing also reports that Melania Trump made more than $10 million from licensing her image to the producers of the documentary “Melania.”

How the Money Flows From WLFI to the Family

World Liberty Financial was founded in 2024, in the closing stretch of the presidential campaign, by Eric Trump, Donald Trump Jr., and Barron Trump, alongside Zach Witkoff and Alex Witkoff (sons of Trump’s current special envoy for peace, Steve Witkoff), and business partners Zak Folkman and Chase Herro. Trump’s formal title inside the venture is co-founder emeritus and chief crypto advocate, according to corporate documents cited by Public Citizen. Steve Witkoff himself is listed as a co-founder emeritus.

The Trump family’s slice is funneled through DT Marks DEFI LLC. Trump owns 70% of that entity, with unidentified Trump family members holding the other 30%. DT Marks DEFI LLC reports a 38.25% ownership interest in WLF Holdco LLC, the holding company that owns the operating World Liberty Financial business and all rights to its net protocol revenues. The same DT Marks DEFI entity holds 22.5 billion WLFI governance tokens alongside the Trump family members.

The revenue-sharing structure is what turns token sales into direct family income. Under the venture’s Gold Paper, the Trump family is entitled to 75% of net revenues from World Liberty token sales, a figure repeated in fine print on the venture’s website and reported by CNBC. The arrangement also protects the Trump family from operational liability for the platform itself. Forbes estimated in March 2026 that Trump alone had netted $550 million from token sales by that point, with his stake in the venture valued at $240 million.

World Liberty Financial runs two core products. The first is the WLFI governance token, which lets holders vote on protocol rules without granting any ownership in the company. The second is USD1, a stablecoin announced in March 2025 and backed one-to-one with US dollars and government money market funds. USD1 ranks among the top five stablecoins by market capitalization, according to CoinMarketCap data cited by Public Citizen, with much of its trading volume concentrated on Binance-linked platforms.

The Conflict-of-Interest Questions

The disclosure landed in the middle of a Senate push for hearings on Trump’s crypto dealings. Five Democratic senators, led by Elizabeth Warren and Richard Blumenthal, asked Republican colleagues this week to force administration officials to testify under oath on the UAE’s earlier stake in World Liberty Financial, per the senators’ call for hearings on the UAE stake. Their letter focused on an entity tied to Abu Dhabi’s deputy ruler that bought a 49% stake in World Liberty Financial four days before Trump took office, putting $187 million into the Trump family’s coffers, according to Public Citizen. The same UAE connection has come up in Abu Dhabi royal’s stake in Trump’s crypto firm drawing separate scrutiny.

The Trump family’s crypto gains also reach Chinese billionaire Justin Sun, who spent $75 million on WLFI tokens and $200 million on the TRUMP meme coin, according to PBS. A federal lawsuit accusing Sun of defrauding investors was paused in February 2025 and settled the following month for a $10 million fine. Sun has denied that his spending on Trump businesses had anything to do with the federal case.

Regulators inside the Trump administration have moved in directions that benefit the same sector Trump’s family profits from. The GENIUS Act, signed in July 2025, created a federal framework requiring stablecoins to be backed one-to-one with US dollars. In February 2025 the Securities and Exchange Commission dropped its case against Coinbase, the largest US-based crypto exchange. Trump also announced a national strategic cryptocurrency reserve early in his second term, while the CFTC approving Trump-linked crypto firms over staff objections drew separate scrutiny.

Neither the President nor his family has ever engaged, or will ever engage, in conflicts of interest. President Trump proudly made the United States the crypto capital of the world through executive actions, supporting legislation like the GENIUS Act, and other commonsense policies to drive innovation and economic opportunity for all Americans.

White House spokesperson, in a statement to NBC News on June 30, 2026.

What the Buyers Actually Got

The picture looks different on the other side of the table. WLFI tokens, which started trading in September 2025, fell 80% by the time of the disclosure. The TRUMP meme coin’s collapse from $74 to $1.68 over the same stretch was even steeper.

A related transaction in August 2025 illustrated the same gap. Alt5 Sigma, a publicly traded crypto exchange and payments company, acquired $1.5 billion worth of WLFI tokens from World Liberty Financial, with the Trump family entitled to roughly $500 million of the proceeds. Alt5’s stock, which closed at $8.97 the day before the deal was announced, traded at 66 cents by the time of the disclosure, a 93% loss, per Alt5 Sigma’s $500M payout to the Trump family. Two US hedge funds that bought into the August transaction have since taken losses on their positions.

From $57 Million to $1.4 Billion in a Year

The 2025 filing looks nothing like Trump’s 2024 disclosure. That earlier form, which covered the final months of the 2024 campaign and the period before Trump returned to the White House, reported $57.35 million from token sales at World Liberty Financial, with crypto a small footnote compared to real estate. The 2025 filing now reports more than $1.4 billion from his family’s cryptocurrency ventures, per the 927-page disclosure filed this week. The form also dwarfs the disclosures filed by recent predecessors: Obama’s final disclosure was eight pages, Biden’s was eleven, and JD Vance’s 2025 form ran to seventeen pages.

Trump did not divest his assets or place them in a blind trust before taking office, unlike his recent predecessors. The Trump Organization has said the assets are managed by third-party financial institutions with trades executed through automated technology. The disclosure form also lists other large income streams, including $80 million in legal settlements with ABC, CBS, Meta, YouTube, and Alphabet CEO Sundar Pichai, paid to a Trump presidential library foundation.

Before the disclosure, Forbes estimated Trump’s net worth at $6 billion and Bloomberg put it at $7.6 billion. Al Jazeera reports that the disclosure is expected to intensify scrutiny of Trump’s crypto policies. The next concrete step is the senators’ call for hearings, which has yet to be scheduled.

Frequently Asked Questions

What is World Liberty Financial and how is Trump connected to it?

World Liberty Financial is a DeFi venture founded in 2024 by Eric Trump, Donald Trump Jr., Barron Trump, Zach and Alex Witkoff (sons of Trump’s special envoy Steve Witkoff), and partners Zak Folkman and Chase Herro. Trump holds the title of co-founder emeritus and chief crypto advocate, and his family is entitled to 75 percent of net revenues from the venture’s token sales through DT Marks DEFI LLC, which holds a 38.25 percent stake in WLF Holdco LLC.

How much of the crypto income comes from World Liberty versus the meme coin?

The disclosure does not give a single crypto total. Separate reporting places more than $500 million from token sales at World Liberty Financial and $635 million at CIC Digital LLC’s meme coin licensing agreement with Celebration Coins, with the rest coming from crypto wallets, equity sales, and staking rewards.

Why is the disclosure drawing conflict-of-interest concerns?

Trump did not divest his assets or use a blind trust. His administration signed the GENIUS Act into law, dropped the SEC’s case against Coinbase, and created a national strategic crypto reserve, while foreign-linked investors including a UAE entity that put $187 million into the Trump family coffers and Justin Sun, who spent $75 million on WLFI tokens and $200 million on TRUMP meme coins, hold large WLFI or meme coin positions.

What happened to the price of WLFI tokens and the TRUMP meme coin?

WLFI tokens fell 80 percent from their first trading prices in September 2025. The TRUMP meme coin launched in January 2025 above $74 and traded at $1.68 at the time of the disclosure, a drop of more than 97 percent from its peak.

How does this year’s $1.4 billion compare to Trump’s 2024 disclosure?

The 2024 disclosure reported $57.35 million from WLFI token sales. The 2025 disclosure lists more than $1.4 billion across all crypto-related income, putting crypto ahead of every other business line Trump reported.