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US President Donald Trump made more than $1bn (£750m) from business cryptocurrencies last year, according to his mandatory financial report for 2025.
In his 927-page disclosure, Trump reported $635 million in royalties from the company that issues $TRUMP, a crypto token launched three days before his second term.
The cryptocurrency company supported by the president and his family has reported more than $500 million in revenue from token sales.
That compares to more than $600 million in total income that Trump reported in his last financial disclosure. But the White House rejected any suggestion that he was profiting from his presidency.
Most of the revenue came from a transaction with World Liberty Financial, where Trump and family members receive 75% of the company’s revenue.
But White House Deputy Press Secretary Anna Kelly dismissed any suggestion of an ethical threat, saying Trump has proudly made the US the “crypto capital of the world.”
“Neither the president nor his family have ever been involved in a conflict of interest – nor will they ever be,” she said in a statement.
She added: “Every action taken by President Trump and his administration is in the best interest of the American people — and any so-called ‘reporters’ who are pushing otherwise are just recycling the same, tired, bogus narrative that Democrats and the old media have been pushing for decades.”