US President Trump reports $1.4bn in cryptocurrency income

US President Donald Trump has pursued a series of crypto-friendly policies since his return to the White House for a second term. A new government report, released by the US Office of Government Ethics on Tuesday, shows that Trump made millions from cryptocurrency and settlements with media companies last year, prompting questions about possible conflicts of interest.

The 927-page financial disclosure document itemizes all of Trump's reported assets and income for 2025, including more than $1.4 billion from his family's cryptocurrency ventures. Trump received over $500 million from World Liberty Financial, a crypto venture he co-founded with his sons. The president also reported another $635 million from the sale of his $TRUMP meme coins.

According to the report, investments in digital assets now represent one of the largest sources of Trump's income, surpassing even the real estate empire he inherited from his father. The revelation is likely to intensify scrutiny of Trump's policies.

Since returning to the White House in January 2025, Trump has launched several crypto-friendly initiatives. He announced the creation of a national strategic cryptocurrency reserve and hosted the first White House cryptocurrency summit, which included technology leaders previously investigated during the Biden administration. Trump reversed those investigations; for instance, in February 2025, the Securities and Exchange Commission dropped charges against Coinbase, the largest US-based cryptocurrency exchange.

Trump also championed the GENIUS Act, passed in Congress in July 2025, which created a regulatory framework requiring stablecoins to be backed one-to-one by US dollars. Advocates say the law helps mainstream cryptocurrency.

However, Trump's close ties to the cryptocurrency industry have drawn criticism over potential corruption. Last week, five Democratic senators, including Elizabeth Warren and Richard Blumenthal, called on their Republican colleagues to force Trump administration officials to testify under oath about their cryptocurrency dealings. They pointed to investments from the United Arab Emirates (UAE) in World Liberty Financial, which the Trump family co-owns with government envoy Steve Witkoff's sons. The senators argued that these investments raise questions about what the UAE may receive at the expense of US national security and urged immediate hearings.