Trump's disclosure shows $1.4 billion crypto earnings, largely from meme coins

President Donald Trump’s 2025 financial disclosure, filed with the U.S. Office of Government Ethics, indicates the president earned over $1.4 billion from cryptocurrency-related activities during his first year back in office. The bulk of the income, about $635 million, came from a licensing agreement with a group called “Celebration Coins,” which markets meme-style digital tokens bearing Trump’s name. Additional crypto earnings include more than $236 million from token sales, $65 million from equity sales linked to the family venture World Liberty Financial, and roughly $290 million classified as wallet income for the same venture.

The disclosure, a 927-page document, is markedly longer than those of recent presidents—Barack Obama’s final filing was eight pages and Joe Biden’s was 11 pages. The length reflects the breadth of Trump’s holdings, which also encompass tens of thousands of other investments reported in ranges, making precise totals difficult to verify.

"Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest," a White House spokesperson said in a statement.

"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," the spokesperson added.

A Trump Organization representative described the filing as “one of the most comprehensive financial disclosure reports ever submitted” and said it demonstrates “a level of financial transparency unmatched in presidential history.”

Critics have highlighted that Trump did not place his assets in a blind trust before taking office, a departure from the practice of previous presidents. History professor Douglas Brinkley noted the unprecedented scope of the president’s financial interests, saying, “There is no precedent to compare it with. No president in the 20th or 21st century has had something that’s vaguely comparable.”

The disclosure also notes $80 million in income from settlements related to lawsuits the president filed against media companies such as ABC, CBS, Meta and YouTube. Estimates of Trump’s overall net worth vary, with Forbes placing it at $6 billion and Bloomberg at $7.6 billion.