US President Donald Trump earned more than $1.4bn (£1.05bn) from cryptocurrency transactions last year, according to his mandatory financial report.
In a 927-page asset and income disclosure report, he reported $635 million in income from a company called Celebration Coins, which is believed to be behind the $TRUMP meme coin, which has plummeted in value since just days before he took office.
He reported receiving over $500 million in revenue from World Liberty Financial, a cryptocurrency company founded by his sons and the children of his special agent Steve Witkoff.
The White House has denied allegations that he is profiting from his presidency. Trump said that “everyone” is profiting from rising stock markets and that he has not been involved in personal financial affairs.
According to his latest financial statement, the total value of crypto-related earnings is $1,430,390,415.
Meanwhile, Trump’s total income last year was at least $2.2 billion, far higher than the $600 million income he disclosed for 2024.
The White House, which has consistently emphasized that Trump’s businesses are run through a board of trustees managed by his sons, insists there is no conflict of interest.
White House Deputy Press Secretary Anna Kelly said the president had made the United States the “crypto capital of the world.”
