Trump's Second-term Windfall: $1.4b In Crypto Earnings

President Donald Trump earned more than $1.4 billion in income through several cryptocurrency ventures in 2025, according to his latest financial disclosures, a staggering sum that underscores his embrace of the upstart industry.

The 927-page document, released Tuesday, shows that Trump made more than $636 million through CIC Digital — a Trump Organization affiliate that is behind his eponymous memecoin, $TRUMP. Most of that came through a licensing agreement that CIC Digital had with another entity called Celebration Coins.

Another Trump family-backed crypto company, World Liberty Financial, generated nearly $600 million in income, according to the disclosures. World Liberty was co-founded by Trump, his sons and the family of special envoy Steve Witkoff in the middle of the 2024 presidential campaign. It’s now behind several prominent crypto tokens.

The disclosures offer a new lens into how crypto is reshaping the president’s business empire — a vast portfolio of companies rooted in hotels, golf courses and licensing deals.

Trump's deep involvement with digital assets, as a businessperson, has been an unexpected development to some. He was once a regular skeptic of crypto, calling it "a scam." But his posture began to shift in 2024 — and has only accelerated following his return to the Oval Office last year. Trump has since installed crypto-friendly regulators to oversee Wall Street and pushed for landmark digital assets legislation, paving the way for crypto’s introduction into mainstream finance.

It has also drawn the ire of Democrats across Washington, who argue that he's profiting off the presidency. Even some crypto executives and lobbyists have voiced alarm over the Trump family’s push into the market.

White House spokesperson Anna Kelly said in a statement to POLITICO that neither Trump nor his family “has ever engaged — or will ever engage — in conflicts of interest.”

“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,” Kelly said. “All actions by President Trump and his administration are taken in the best interest of the American people.”

A spokesperson for the Trump Organization did not immediately respond to a request for comment.

Beyond crypto, Trump reported thousands of investments across the financial markets. His Mar-a-Lago Club, meanwhile, generated more than $77 million in income. It was valued at more than $50 million.

The disclosures also show more than $86 million in settlements of legal actions with media giants ABC, CBS, Meta, YouTube and X. They detail gifts that Trump received throughout the year that were worth more than $370,000 in total. Those included 10 tickets to the U.S. Open worth $25,000 that were gifted by Rolex; 10 tickets to the Super Bowl worth $50,000 from New Orleans Saints owner Gayle Benson; and a $250,000 statue of Trump from Sticker Mule CEO Anthony Constantino, who is currently running for Congress in New York.

Vice President JD Vance's financial disclosures, which were also released Tuesday, paint a far less sweeping picture than Trump's. Totaling 17 pages, Vance's reports show that the vice president earned more than $1 million in "Rent or Royalties" from his memoir, "Hillbilly Elegy."

Yet like Trump, Vance, a former venture capitalist, is also into crypto: His disclosures show that he holds between $250,000 and $500,000 worth of bitcoin in a Coinbase account.

While the White House and Republicans have brushed off attacks on Trump's businesses, the latest disclosures could pose a new wrinkle in the negotiations over a landmark crypto bill. The legislation — a top priority for both crypto firms and the White House — would set up new rules for the $2 trillion market. But one of the biggest outstanding issues is Trump's crypto businesses, which Democrats have sought to clamp down on through stricter ethics language in the bill.

"The crypto legislation heading to the Senate floor must prevent the President, Vice President, senior administration officials, members of Congress, and their families from profiting off the crypto industry," said Sen. Elizabeth Warren, who is the top Democrat on the Senate Banking Committee, in a statement. "If it does not, it will only turbocharge Donald Trump’s brazen crypto corruption.”

The disclosures also land at an awkward moment for the Trump crypto businesses. The president may have earned millions from his crypto ventures, but some of those everyday investors who piled into them are now facing steep losses. The $TRUMP memecoin, for example, was trading at $1.66, as of Tuesday evening. That's down from its January 2025 all-time high of more than $75.