US President Donald Trump made more than $1.7 billion from his cryptocurrency businesses last year, even as he dismantled strict regulations around the industry from the White House.
Trump’s newly released annual financial disclosure report shows he made more than $US600 million from his business CIC Digital LLC, which oversees the president’s $TRUMP “meme” coins and digital NFT trading cards.
Donald Trump reported a major increase in income from cryptocurrency in 2025. AP
Another business, World Liberty Financial, made more than $US500 million selling crypto products such as “governance tokens” – the crypto equivalent to company shares.
The crypto income from those two businesses totalled about $US1.2 billion, or $1.74 billion.
Trump has repeatedly claimed he has no involvement in his businesses while in office, and that they are under the direction of his children and business partners.
But in the first year of his second administration, Trump presided over the degradation of most financial regulation of crypto markets, even as his companies invested heavily into the sector.
The Securities and Exchange Commission, under new leadership, halted investigations and prosecutions of multiple crypto firms, while in April the Justice Department disbanded a cryptocurrency enforcement team set up in 2022.
Deregulation of industry and business is de rigeur for conservative governments, but critics and watchdogs nonetheless warned of a major conflict of interest.
Trump in his first term was an avowed sceptic of cryptocurrencies, but has since come around, to the point where his crypto companies made more money last year than his decades-old real estate business.
World Liberty Financial, for example, made a reported $US57 million in 2024 – just over a 10th of its 2025 intake.
The Associated Press reported that the value of those Trump-aligned digital assets had shrunk sharply since they were purchased, meaning that while Trump’s companies profited, investors often lost out.
About $US300 million came from Trump’s properties, including his golf courses and his Mar-a-Lago club and private residence.
In a statement published by Politico, a White House spokesperson said neither Trump nor his family would “ever engage” in a conflict 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,” the spokesperson told the outlet.
“All actions by President Trump and his administration are taken in the best interest of the American people.”
The Trump administration has dismantled cryptocurrency sector oversight. AP
Trump’s financial report also showed he invested millions in tech companies including Nvidia, Amazon, Microsoft, and Apple.
And despite the relative diminution of the financial heft of his property portfolio, it underwent a major expansion, with deals for Trump-backed building projects around the world – often in countries with whom the White House was in negotiations with over issues such as tariffs and trade.
Forbes estimate’s Trump’s current net worth at $US6 billion (about $8.7 billion).