US President Donald Trump made more than $1.4bn (£1.05bn) last year from business dealings in cryptocurrency, according to his mandatory financial report.
In a 927-page disclosure, he reported $635m in royalties from an entity called Celebration Coins, thought to be behind the $TRUMP meme coin which has plunged in value since he launched it days before taking office.
He also reported over $500m in income from World Liberty Financial, a cryptocurrency firm founded by his own sons and the children of his special envoy, Steve Witkoff.
The White House denied he was profiting from the presidency. Trump said “everybody” was profiting from rising stock markets, and he doesn’t get involved with his personal finances.
The crypto-related earnings from his latest financial disclosure total $1,430,390,415.
Meanwhile, Trump’s total income last year was least $2.2bn, far more than his disclosed income for 2024, when he showed over $600m of income.
The White House, which has repeatedly emphasised that Trump has placed his businesses in a trust managed by his sons, again denied any conflict of interest.
White House deputy press secretary Anna Kelly said the president had proudly made the US “the crypto capital of the world”.
“Neither the President nor his family has ever engaged – or will ever engage – in conflicts of interest,” she said in a statement.
She added: “All actions by President Trump and his administration are taken in the best interest of the American people – 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.”
The president himself has also highlighted that he is not subject to federal conflict of interest laws.
Source:
www.bbc.co.uk
