Trump Reports $57.4 Million Income From Crypto Venture World Liberty Financial

Donald Trump, the former U.S. President, has reported a substantial income from his cryptocurrency venture, World Liberty Financial. According to a 200-page filing with the U.S. Office of Government Ethics, Trump disclosed $57.4 million in income from this venture, which is supported by his sons, Donald Jr. and Eric Trump. The filing indicates that Trump possesses 15.75 billion governance tokens in World Liberty Financial, acquired through his promotional efforts on the network rather than a direct investment. This makes his crypto venture one of his most significant revenue sources among numerous financial interests.

The document also reveals that Trump holds positions in holding companies linked to digital ventures, such as CIC Digital LLC and CIC Ventures LLC. However, these entities reported minimal to no income. Trump has certified that the information provided is “true, complete, and correct to the best of [his] knowledge,” and the document is subject to review by the U.S. Office of Government Ethics.

Earlier this year, Trump removed David Huitema as director of the Office of Government Ethics, an independent agency responsible for overseeing ethics rules and financial disclosures for the executive branch. This move has sparked concerns about potential conflicts of interest, as Trump's substantial crypto stakes could influence policy while he is in office.

World Liberty Financial operates as a decentralized finance platform offering cryptocurrency lending and trading services. Since its launch last year, the venture has sold 21 billion tokens in a public offering, generating $1 billion in funding. Steve Witkoff, Trump’s special envoy, was a “promoter” of the World Liberty Financial initiative, according to 2024 SEC filings.

Trump’s involvement in the cryptocurrency venture appears legal on the surface. However, Democrats and some Republicans have raised concerns about his willingness to profit while in office, flagging it as a conflict of interest. This concern is heightened by the fact that the president holds substantial crypto stakes while influencing policy. SEC Chair Paul Atkins has dropped several high-profile enforcement cases against cryptocurrency companies since taking office, creating a more favorable regulatory environment for the industry. This has led to speculation that Trump has granted investors access to the executive branch if they’re Official Trump (TRUMP) owners.

Rep. Jamie Raskin, the top House Democrat, recently opened a probe into the private dinner Trump hosted for top investors in his meme coin. In addition to World Liberty Financial, Trump Media & Technology Group declared its intention to raise $2.5 billion for a “bitcoin treasury” strategy and to introduce a Bitcoin exchange-traded fund.

DRW Investments, controlled by Chicago trader Don Wilson, invested $100 million in Trump Media just nine weeks after Cumberland, Wilson’s crypto liquidity provider, received SEC enforcement relief. Cumberland won dismissal of a civil complaint alleging unregistered securities dealer violations in March. Prior to the SEC dropping charges under the new leadership, the Biden administration had pursued the matter. DRW’s investment makes it among the largest financiers of Trump Media’s cryptocurrency expansion plans. The funding supports the company’s ambitions to acquire over $2 billion in cryptocurrency holdings and establish bitcoin treasury operations.