Trump Filing Locks In Nearly $1.2B Crypto Income

A newly released federal disclosure shows President Donald Trump took in nearly $1.2 billion from his crypto businesses last year, even as investors saw the tokens and meme coins tied to the deals plunge in value. The filing also details additional Trump-brand

When the filing hit federal systems Tuesday. it landed with a kind of quiet finality: nearly $1.2 billion. listed as income from Trump-linked crypto businesses in the president’s required annual disclosure. For many investors, the math has looked different. Since the sales, both the tokens and coins have fallen sharply.

The required report—submitted through the Office of Government Ethics—shows President Donald Trump took in more than $500 million from his World Liberty Financial business selling new crypto products. including “governance tokens.” It also lists another crypto venture. CIC Digital LLC. taking in more than $600 million from the sale of souvenir-type “meme” coins stamped with Trump’s face.

The disclosure adds that both the tokens and the coins have plunged in value since the sales. The price of World Liberty tokens has fallen 80% since they started trading in September. while the Trump souvenir coins that spiked to more than $74 in the days after launching in January 2025 now sell for $1.68.

Trump’s crypto surge is part of a broader picture of growth since he took office last January. as the 927-page disclosure form—devoid of profit figures and limited to revenue—lays out how his business interests have expanded far beyond what many expected from the property portfolio he spent decades building.

The filing also shows Trump took in millions last year selling Trump-branded Bibles, sneakers and other small items in another unprecedented move for the presidency. The sale of Trump-branded watches alone brought in $4.7 million.

One of the report’s other glaring themes is how quickly the new ventures have overtaken much of Trump’s long-standing real estate holdings as sources of revenue. In the filing. the president’s crypto businesses now sit beside overseas property deals that brought in tens of millions of dollars in fees from a “flurry” of hotel. resort and condo arrangements.

The report places that foreign property expansion among the biggest for the family business in more than a century. It also shows that some of those deals unfolded while many of the same countries were negotiating with the United States over tariffs, military aid and other matters.

A property in the United Arab Emirates generated $10.4 million for the Trump business last year. One in Saudi Arabia—built by a real estate developer close to the ruling family—sent the president’s company $9 million. And one in Bucharest, Romania, along with another in Qatar, provided $5 million each.

Back home, Mar-a-Lago in Florida notched big growth as heads of state and business people flocked there during Trump’s new term. Trump took in $77 million from the property, a 50% jump from the year earlier when he was just another citizen.

The disclosure doesn’t say how much profit Trump made—just how much revenue came in. Still, the numbers align with a broader leap in wealth being reported by outside estimates. Forbes estimates Trump’s net worth at $6 billion, up from $2.3 billion in 2024.

After Trump took office last year, he reversed the Biden administration’s tough stance on the crypto industry and pushed policies friendly to the sector. But regulators still had concerns before World Liberty began selling the governance tokens.

Before the company moved ahead, regulators issued warnings about the kind of crypto asset World Liberty planned to sell. They warned that. unlike stocks. the tokens offer no ownership stake in the issuing company. just voting power on certain corporate policies. and that the tokens are difficult to value.

Buyers came anyway.

A Chinese billionaire, Justin Sun, spent $75 million on the tokens and $200 million on the souvenir coins. In February last year, a federal lawsuit charging Sun with duping investors was paused before being settled for a $10 million fine.

Sun has repeatedly denied that his spending on Trump businesses had anything to do with his federal case, while World Liberty has dismissed the notion of a conflict of interest.

The White House has given a steady answer to conflict-of-interest concerns since taking office. It says Trump put his business interests into a trust managed by his sons and that the president does not get involved in decisions, adding that there are no ethics issues to discuss.

“Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest,” spokeswoman Anna Kelly said. “All actions by President Trump and his administration are taken in the best interest of the American people.”

The Trump Organization, for its part, has said the overseas deals were with private companies, not with governments.

Still. the disclosure paints a world where what is “private” can be hard to prove when deals touch countries ruled by authoritarians. royal families and one-party governments. For a new Trump resort in Vietnam. the report shows Trump took in $5 million last year after the ruling Communist Party sent its deputy prime minister to sign off on the deal. The New York Times reported that farmers were pushed off the land to make way for construction.

Whether any of the deals influenced U.S. policy in ways those countries sought is nearly impossible to measure from the disclosure alone. But the countries did receive what they wanted from their transactions and leverage.

Vietnam got tariff relief. Qatar got access to advanced U.S. technology previously off limits. And Saudi Arabia received U.S. fighter jets it had coveted for years.

Trump crypto World Liberty Financial CIC Digital governance tokens meme coins Office of Government Ethics Anna Kelly World Liberty tokens Mar-a-Lago conflict of interest tariffs Qatar advanced technology Saudi fighter jets Vietnam resort