President Donald Trump disclosed today that he earned $57.35 million from his cryptocurrency venture, World Liberty Financial, marking a major update in his first public financial filing of his second term. The disclosure, filed Friday with the Office of Government Ethics, spans 234 pages and reveals that Trump holds 15.75 billion governance tokens in the platform he and his family launched last year.
The report offers a fresh look at how Trump’s crypto holdings have grown since he returned to office. World Liberty Financial, where Trump and his family control a 60 percent ownership stake, generated most of the income through token sales. In March, the company rolled out its stablecoin USD1 and secured a $2 billion investment from MGX, a firm backed by Abu Dhabi investors. The funds are set to flow into Binance, one of the world’s largest crypto exchanges.
Beyond World Liberty Financial, Trump’s broader crypto portfolio has expanded significantly. His custom memecoin, $TRUMP, hit a peak value of $75 shortly before his inauguration and currently trades near $11. Analysts estimate his crypto assets now account for about 40 percent of his $7.3 billion net worth. That surge has made digital assets a central pillar of his financial empire.
The disclosure also details income from other sources. Trump reported $300,000 in royalties from Bible sales and substantial earnings from nonfungible token licensing deals. These figures underscore his diversified approach to leveraging media and technology for revenue.
Senate Democrats have raised alarms over Trump’s crypto ties and pressed for more answers. Senators Elizabeth Warren and Jeff Merkley sent a letter to World Liberty Financial on June 10, arguing that the stablecoin launch poses an unprecedented conflict of interest and threatens both the financial system and democratic norms. Representative Stephen Lynch went further, accusing the president of using his office to promote and profit from ventures linked to his own family.
On the policy front, Trump’s financial interests align closely with his administration’s pro-crypto agenda. In a recent executive order, he established a Strategic Bitcoin Reserve and named regulators with favorable views on digital assets. Meanwhile, the Securities and Exchange Commission paused investigations into several crypto firms, and in April, the Justice Department disbanded its national cryptocurrency enforcement team. Deputy Attorney General Todd Blanche cited a decision that the department “is not a digital assets regulator.”
Critics say these moves reward insiders and expose the public to risk. “The crypto sector put someone in power whose first act is to emphasize and take advantage of the opportunity for grift within crypto,” said researcher Angela Walch. The remark appeared in a recent Time magazine feature that examined the ties between political power and digital finance.
Supporters of Trump’s approach argue that his policies have boosted innovation and offered investors clear guidance. They point to surging market values and more transparent rules as signs of progress. Still, watchdog groups remain wary of any overlap between public office and personal gain, and they stress the need for stronger safeguards.
As lawmakers debate the next steps, this disclosure stands as a stark reminder of how deeply digital currencies now influence high‑level politics. It also raises questions about future oversight and the lines between public duty and private profit. For now, the data sits before the Ethics Office, which must vet the report and ensure compliance with federal rules. Observers will watch closely to see if further action follows and how other elected officials might respond to mounting calls for tighter controls on crypto holdings.
