Key takeaways:
- Trump reported $635 million in royalties tied to the $TRUMP meme coin launched three days before his second term began.
- CBS News reported that Trump received more than $500 million from World Liberty Financial token sales and about $65 million from equity sales in the firm that controls it.
- The White House denied conflicts of interest as Democratic senators called for testimony about Trump administration cryptocurrency dealings.
President Donald Trump reported more than $1 billion in income from cryptocurrency ventures during the first year of his second term, according to a financial disclosure released Tuesday by the U.S. Office of Government Ethics.
The 927-page filing for 2025 lists $635 million in royalties tied to $TRUMP, the meme coin launched three days before Trump returned to office, along with hundreds of millions more from World Liberty Financial, the cryptocurrency venture backed by the president and his family. NBC News and Al Jazeera reported that Trump’s total cryptocurrency income was about $1.4 billion.
The disclosure shows Trump received the $635 million from a group called “Celebration Coins,” which NBC News said had no identifiable digital footprint. A Trump Organization representative did not immediately respond to NBC’s request for comment Tuesday night. NBC also reported that a recent letter from Senate Democrats said a company called “Celebration Cards,” registered in Wyoming, facilitated a crypto conference held at Mar-a-Lago in April.
CBS News reported that the $TRUMP token peaked at $74.24 within a day of launching. Its price was $1.67 on Tuesday evening, according to Coinbase. Meme coins are typically used for commemorative or comedic purposes rather than as currency.
Trump also reported more than $500 million in income from token sales by World Liberty Financial, CBS reported, and around $65 million from equity sales in the firm that controls the company. NBC cited more than $290 million classified as income from cryptocurrency wallets associated with World Liberty, more than $236 million from additional crypto token sales and more than $65 million from an equity sale associated with the venture. CBS also reported that $196 million in equity sales of Stablecoin Holdco LLC were listed.
World Liberty Financial was launched during the 2024 presidential campaign and was co-founded by Trump, his sons Eric Trump and Donald Trump Jr., and Zack and Alex Witkoff, sons of U.S. special envoy and longtime Trump friend Steve Witkoff, according to CBS. The company’s products include USD1, a stablecoin pegged at $1 per coin, and $WLF tokens. CBS reported that the company takes 75% in net revenue from those token sales, citing its public reports.
The filings come as Trump has promoted crypto-friendly policies since returning to the White House. Al Jazeera reported that he announced plans for a national strategic cryptocurrency reserve, hosted the first White House cryptocurrency summit and backed legislation including the GENIUS Act, which passed Congress in July 2025 and created a regulatory framework requiring stablecoins to be backed one-to-one by U.S. dollars.
“The entire crypto community: For years, you were mocked and dismissed and counted out,” Trump said at the law’s signing ceremony, according to Al Jazeera. “You were counted out as little as a year and a half ago, but this signing is a massive validation.”
The president’s crypto dealings have drawn scrutiny from Democrats and others who say they raise conflict-of-interest questions. Last week, five Democratic senators, including Elizabeth Warren and Richard Blumenthal, urged Republican colleagues to help force Trump administration officials to testify under oath about cryptocurrency dealings, Al Jazeera reported. The senators pointed to investments from the United Arab Emirates in World Liberty Financial and said they “raise questions about what more the UAE may receive — or may have already received – at the expense of U.S. national security after investing in the Trump family crypto company.”
The White House rejected conflict-of-interest allegations. “Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest,” a White House representative said in a statement to NBC. White House spokesperson Anna Kelly told CBS News “there are no conflicts of interest,” adding, “President Trump only acts in the best interests of the American public.”
The disclosure also lists more than $10 million earned by first lady Melania Trump from licensing her image to the producers of the documentary “Melania,” and $80 million in income from settlements involving ABC and anchor George Stephanopoulos, CBS, Meta, YouTube and Google CEO Sundar Pichai. The settlement proceeds were paid to The Donald J. Trump Presidential Library Foundation Inc., according to the filing.
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