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Trump earned over $1 billion from crypto in first year in office, report claims
๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom /Economy & Trade

Trump earned over $1 billion from crypto in first year in office, report claims

From BBC News · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • A financial report claims U.S. President Donald Trump earned over $1 billion from cryptocurrency dealings in his first year in office.
  • The report details significant income from a "Trump meme coin" and a cryptocurrency firm founded by his sons.
  • The White House denied ethical concerns, stating the president is making the U.S. the "crypto capital of the world."

A mandatory financial disclosure for 2025 alleges that U.S. President Donald Trump amassed over $1 billion from cryptocurrency business dealings during his first year in office. The 927-page report details substantial earnings, including $635 million in royalties from a "Trump meme coin" launched just days before he took office. This coin has since seen a significant decline in value.

Further income streams reported include over $500 million from World Liberty Financial, a cryptocurrency firm established by Trump's sons and the children of his special envoy, Steve Witkoff. The report indicates that Trump and his family members receive 75% of the company's proceeds, representing a significant increase from his 2024 financial disclosure, which reported over $600 million in income.

Neither the President nor his family has ever engaged - or will ever engage - in conflicts of interest.

โ€” Anna KellyWhite House deputy press secretary, denying ethical concerns related to Trump's financial disclosures.

Despite these figures, the White House has refuted any suggestions of ethical impropriety. Deputy press secretary Anna Kelly issued a statement asserting that Trump has "proudly made the U.S. the crypto capital of the world." She rejected claims of conflicts of interest, stating that "neither the President nor his family has ever engaged - or will ever engage - in conflicts of interest."

Kelly further characterized any reporting to the contrary as a "tired, false narrative" promoted by Democrats and legacy media outlets. The White House maintains that all actions taken by President Trump and his administration are in the best interest of the American people. The report also notes millions in additional earnings from real estate, Trump-themed Bibles, and watches.

All actions by President Trump and his administration are taken in the best interest of the American people โ€“ and any so-called 'reporters' pushing otherwise are recycling the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade.

โ€” Anna KellyWhite House deputy press secretary, defending the president against accusations of ethical impropriety.
DistantNews Editorial

Originally published by BBC News in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.