AP News reports Trump made about $1.2 billion from crypto last year, outpacing his real estate income. The story frames this as a rapid shift fueled by his own administration's crypto-friendly policies.
cryptocurrencyThursday, July 2, 2026
Trump's crypto empire draws ethics fire
President Trump's 2025 financial disclosure is the only story in crypto today, and it's a big one. Multiple outlets are parsing the 900-plus-page filing, and the numbers are staggering: over $1 billion in crypto income, dwarfing his real estate earnings. But the real story isn't the wealth, it's the ethics questions now impossible to ignore.
The disclosure numbers
Every outlet is digging into the same filing, and the figures vary slightly but the picture is consistent: crypto made Trump a billionaire.
Fortune gets more granular: $635 million from his memecoin royalties and nearly $600 million from World Liberty Financial, which he cofounded with his sons. The piece also notes a stake in Michael Saylor's Strategy.

CNBC puts the crypto income at over $580 million, citing $515 million from World Liberty Financial token sales and $65 million from equity sales. The 927-page filing is a lot to wade through, but the headline is clear.
The ethics fallout
The dollar figures are eye-popping, but the real heat is coming from the conflict-of-interest angle.
The LA Times zooms out to total income of $2.2 billion and leads with the ethics alarms. Critics call it bribery and exploitation of office, enabled by a GOP-controlled Congress and Supreme Court. The White House denies wrongdoing.
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