Donald Trump has made cryptocurrencies the great engine of his fortune during his return to the White House. The annual financial disclosure filed with the U.S. Office of Government Ethics reflects income of at least 2.2 billion dollars in 2025, with more than 1.4 billion linked to digital asset businesses.
The data comes amidst his Administration's push to make the United States the "world capital" of cryptocurrencies. Trump, who years ago even railed against bitcoin and described it as an asset "based on nothing," has come to govern with an agenda clearly favorable to the sector. His Government has relaxed the regulatory pressure inherited from the Joe Biden era and has promoted rules to facilitate the expansion of this market.
The main source of income appears in World Liberty Financial, the cryptocurrency company linked to Trump, his children, and the family of Steve Witkoff, special envoy of the White House on several international fronts. The firm contributed nearly 800 million dollars to the president's businesses, between token sales and participations.
To that figure is added the digital currency $TRUMP, launched a few days before his inauguration. The declaration records about 635 million dollars through that channel. The token had an explosive start and then lost a good part of its value, with losses for many small investors while the Trump family had already collected hundreds of millions from the initial sale.
The White House denies conflict of interest
The White House has rejected any suspicion of conflict of interest. Its spokesperson, Anna Kelly, has defended that neither Trump nor his family have incurred or will incur in irregularities and has presented the president's crypto policy as part of his economic agenda for the United States.
Trump has also tried to downplay the controversy. Asked about his profits, he assured that he does not directly participate in the management of his assets and that he has benefited, like other investors, from the rise in the markets. "I made a lot of money before becoming president," he told reporters.
The explanation does not clear up the fundamental doubts. Trump did not divest his assets upon returning to power nor did he place them under an independent blind trust, as other presidents did to avoid real or apparent conflicts. The management is in the hands of his family, but the president remains a beneficiary of the income generated by his companies.
The report also shows million-dollar profits outside the crypto business. His golf clubs and resorts exceeded 500 million dollars in revenue, with Mar-a-Lago as one of the most profitable assets. The Florida club, regularly used by Trump since his return to power, went from about 50 million in 2024 to 77 million in 2025.
The Trump brand continued to generate money through other smaller, yet striking, avenues. The president declared income from watches, books, sneakers, perfumes, guitars, and Bibles bearing his name. Dozens of millions also came from agreements with media and tech companies such as Meta, Alphabet, ABC, CBS, or X, part of which was allocated to projects linked to his presidential library or initiatives in Washington.
International business adds another layer of controversy. The Trump Organization has maintained real estate licensing agreements and projects in countries key to US foreign policy, especially in the Middle East. Added to this is the gift of a Boeing 747 from Qatar, valued at hundreds of millions of dollars, which had already opened another debate about the limits between diplomacy, power, and private profit.
Trump's fortune has grown just as his Administration favors the sector that brings him the most money. The White House presents it as an economic gamble to strengthen the position of the United States. His critics see something simpler and much more uncomfortable: a president who governs over a market from which he also obtains personal benefits.
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