Trump earned over $1.4 billion from cryptocurrency in 2025

US President Donald Trump declared more than $1.4 billion in revenue from cryptocurrency projects in his 2025 financial disclosure. The main income came from World Liberty Financial, a company founded with his sons, and sales of meme coins bearing his name. Former ethics officials warn that such conflicts of interest require new legislative reforms.

US President Donald Trump declared more than $1.4 billion in total revenue from cryptocurrency projects in his 2025 financial disclosure, according to documents released on Tuesday. This represents a significant shift in the president's income structure, with digital assets now his primary source of revenue.

World Liberty Financial and meme coins

Financial disclosures filed with the US government ethics office show that Trump's companies earned nearly $800 million from crypto firm World Liberty Financial, which Trump founded with his sons. Of this sum, over $520 million came from the sale of crypto tokens and over $250 million from disposal of the company's stake. Additionally, the president declared $635 million in revenue from sales of meme coins bearing his name.

For comparison, a year earlier Trump reported $57.35 million in revenue from World Liberty token sales; in this year's disclosure, that figure has grown ninefold. According to a recent estimate by Reuters news agency, the Trump family has earned at least $2.3 billion from crypto projects since the president took office in 2025.

Policy favours crypto sector

Since taking office, Trump has implemented several measures favourable to the crypto sector, ranging from establishing federal rules for stablecoins to easing oversight by the US Justice Department and the Securities and Exchange Commission (SEC).

White House Press Secretary Anna Kelly defended the president's actions: "Neither the president nor his family have ever been in, nor will they ever be in, a conflict of interest. President Trump has made the United States the world's crypto capital through his executive orders." Kelly added that all the president's steps have been taken in the best interests of the American people, and critics are "recycling the same old and false narrative".

Traditional businesses also grow

While cryptocurrency dominates, Trump's traditional enterprises continue to generate substantial sums. The golf and resort business saw revenue grow 15 per cent in 2025, reaching just over $500 million. The Mar-a-Lago club in Florida saw revenue jump from $50 million to $77 million, and the West Palm Beach golf club's revenue rose 27 per cent.

Revenue from traditional real estate operations, the business that made Trump's name, has not grown as markedly. For most major real estate projects, 2025 revenue remained in the same range as a decade ago or was lower.

Ethics community demands reforms

Don Fox, former acting general counsel at the US Office of Government Ethics, stressed that while presidents and vice presidents are exempt from the ethics laws prohibiting conflicts of interest, previous administrations have nonetheless observed this norm voluntarily. "Every president in the post-Watergate era has managed his finances as if conflict-of-interest rules applied to him," Fox said. "But with Trump, these norms have been completely abandoned."

Fox added that Trump "proves better than anyone that it is time for additional ethics reforms" and supports legislation that would restrict the president's and vice president's investments while in office.