President Donald Trump has reported an income of $57.4 million from World Liberty Financial, his cryptocurrency venture publicly backed by his sons, Donald Jr. and Eric Trump. This disclosure, detailed in a 200-page filing with the U.S. Office of Government Ethics and cited by the Financial Times, reveals that the crypto initiative is among Trump’s most significant revenue streams across his extensive financial interests.
The filing indicates that Trump holds 15.75 billion governance tokens in World Liberty Financial. These tokens were reportedly acquired not through direct investment, but rather as compensation for his promotional activities on the network. The document also lists Trump’s stakes in holding companies tied to digital ventures, such as CIC Digital LLC and CIC Ventures LLC, though these entities reported minimal to no income. Trump has certified the information in the filing as “true, complete, and correct to the best of [his] knowledge,” 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 tasked with overseeing ethics rules and financial disclosures for the executive branch.
Beyond World Liberty Financial, Trump Media & Technology Group has also announced plans 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, reportedly invested $100 million in Trump Media just nine weeks after Cumberland, Wilson’s crypto liquidity provider, received SEC enforcement relief.
Cumberland secured the dismissal of a civil complaint alleging unregistered securities dealer violations in March, a case that had been pursued by the Biden administration prior to the SEC dropping charges under its new leadership. DRW’s investment positions it as a major financier of Trump Media’s cryptocurrency expansion plans, supporting the company’s ambitions to acquire over $2 billion in cryptocurrency holdings and establish bitcoin treasury operations.
