Trump's 927-Page Filing Says He Made $1.2B in Crypto While Markets Lost 50% 🍋

President Donald Trump reported more than $1.2 billion in crypto earnings for 2025 in a 927-page financial disclosure released Tuesday by the U.S. Office of Government Ethics. The bulk of the income came from three streams: about $636 million in royalties from his meme coin business CIC Digital, roughly $515 million from token sales at the decentralized finance venture World Liberty Financial, and about $65 million in equity from World Liberty's holding company. Together those line items topped $1.2 billion. Trump also separately disclosed holding more than $50 million in Bitcoin ($BTC) and between $5 million and $25 million in Ethereum ($ETH), among other digital assets.

The meme coin, which trades as $TRUMP, launched on the Solana network three days before Trump's January 2025 inauguration and reached a multi-billion-dollar market capitalization within hours before fading. It traded at $1.66 with a $394 million market cap on Tuesday, down roughly 98% from its all-time high on January 19, 2025. World Liberty Financial is roughly 38% owned by a Trump family entity. In May 2025, Abu Dhabi state fund MGX settled a $2 billion Binance investment using the firm's USD1 stablecoin, a transaction that drew scrutiny from Senate Democrats who demanded hearings over the venture's foreign ties.

The disclosure arrived one day after a 6-3 Supreme Court ruling in Trump v. Slaughter that allows presidents to fire commissioners at independent regulators without cause, overturning the 91-year-old Humphrey's Executor precedent. Legal analysts said the decision extends to the SEC and CFTC, the primary crypto regulators. "This Decision gives tremendous additional Power back to the Presidency, where it belongs. It is an Honor to be the sitting President who, after all these years, WON this very important, and hard fought, Case," Trump wrote on Truth Social. Bitcoin's spot price sat near $58,500 on Tuesday, down more than 50% from its October record.

The filing follows a May disclosure that detailed Trump's gains from securities trading, including crypto-related stocks such as Robinhood and Coinbase. Trump's crypto ventures remain a point of contention among lawmakers. The crypto-focused Clarity Act passed in the House but remains stalled in the Senate, with Democrats arguing it should not advance without ethics language barring the president and his family from cryptocurrency-related businesses. The Office of Government Ethics released the 900-plus-page report covering the president's income and financial holdings from his many businesses, with crypto featuring prominently among the largest line items.