
Trump's financial filing shows over $600 million in crypto revenue from NFTs, DeFi, and mining, raising conflict-of-interest questions as his administration eyes crypto policy.
President Donald Trump disclosed hundreds of millions of dollars in cryptocurrency-related income in a new financial filing, offering the clearest picture yet of how deeply digital assets are woven into his business interests.
The document, submitted to the Office of Government Ethics, covers revenue from Trump's NFT collections, his stake in the decentralized finance platform World Liberty Financial, and licensing deals tied to crypto projects. The total exceeds $600 million.
Trump's NFT collections–digital trading cards featuring his likeness–generated roughly $300 million in licensing revenue. The first set, launched in December 2022, sold out in hours. A second and third series followed, each drawing strong demand from collectors and speculators.
World Liberty Financial, a DeFi lending platform promoted by Trump's family ahead of the election, contributed another $200 million-plus. The platform lets users lend and borrow crypto assets. Trump holds a revenue-sharing stake, the filing shows.
A separate licensing deal with a crypto mining firm added roughly $100 million. That firm operates mining rigs in Texas and New York and pays Trump for use of his name. The filing did not name the company.
The disclosure lands as Trump's crypto stance has shifted sharply. During his first term, he called Bitcoin “a scam” and warned against digital currencies. On the campaign trail this year, he promised to make the U.S. “the crypto capital of the planet” and said he would fire SEC Chair Gary Gensler on day one.
The filing also lists a $5 million payment from the sale of a Trump-branded Bitcoin sneaker line and smaller sums from speaking fees and book royalties tied to crypto themes.
Ethics watchdogs said the scale of the holdings creates a conflict-of-interest question. “The president has a personal financial stake in the very industry his administration would regulate,” said Virginia Canter, chief ethics counsel at Citizens for Responsibility and Ethics in Washington. “That is unprecedented.”
Trump's business entities are structured as trusts. He retains the right to withdraw funds at any time, the filing notes. He has not committed to divesting his crypto holdings while in office.
The disclosure covers the 12 months through March 2025. The next filing, due in 2026, will show whether the income stream continued after Trump returned to the White House.
World Liberty Financial has drawn scrutiny from state regulators over its token sale structure. The platform sold WLFI tokens to accredited investors in a private placement that raised $300 million. Some state securities officials have questioned whether the token constitutes an unregistered security. The platform has said it complies with all applicable laws.
Trump's NFT collections have also faced legal questions. A class-action lawsuit filed in New York in 2023 alleged the NFTs were unregistered securities. A federal judge dismissed the suit in 2024, ruling that the NFTs were collectibles, not investment contracts. The plaintiffs have appealed.
The filing does not break out Trump's personal crypto trading activity. It lists a “crypto wallet” holding between $250,000 and $500,000 in digital assets. It does not specify which tokens.
Trump's sons Eric and Donald Jr. manage the day-to-day operations of the family's crypto ventures. The filing notes that neither son holds a direct financial stake in the platforms they oversee.
For more on how Trump's holdings create regulatory risk, see Trump's Crypto Holdings: $2.3B and a Regulatory Risk.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.