Trump’s 2025 financial disclosure shows $1.4 billion in crypto income from meme coins and World Liberty Financial — while his administration writes crypto policy. Here’s the full breakdown.
President Trump’s newly released annual financial disclosure shows he earned more than $1.4 billion from cryptocurrency ventures in 2025, making digital assets by far the largest single source of his personal income during his second term.
The filing, submitted to the U.S. Office of Government Ethics, runs 927 pages — compared with 17 pages for Vice President JD Vance, 11 pages for former President Biden’s final disclosure, and just 8 pages for Barack Obama’s. The single largest line item was $635 million in royalties tied to the $TRUMP meme coin, licensed through an entity called Celebration Coins. Another roughly $525 million came from World Liberty Financial, the crypto venture Trump co-founded with his sons. The disclosure also lists more than $80 million from legal settlements with ABC, CBS, Meta and YouTube’s parent company Google.
The timing is what makes this a genuine ethics story rather than just a wealth story: Trump did not divest his crypto holdings or place them in a blind trust before returning to office, and his administration has simultaneously pushed a lighter regulatory touch for the industry that has become his single biggest income source. The $TRUMP meme coin itself has lost more than 95% of its peak value since launch, meaning many retail investors who bought in were sitting on steep losses while the president collected licensing income on the way up.
Ethics-in-government watchdogs have flagged the arrangement as one of the starkest conflict-of-interest questions in modern presidential history. Because U.S. disclosure rules allow assets to be reported in broad ranges, the true scope of Trump’s crypto wealth is likely even larger than what’s captured in the 927 pages — this filing is a floor, not a ceiling.
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