Donald Trump has made over $57 million from a cryptocurrency venture, according to a newly released government ethics report. The income came through World Liberty Financial, a digital finance project backed by his sons, Donald Jr. and Eric Trump.
The report, reviewed by the Financial Times, was part of a detailed 200-page financial disclosure filed with the U.S. Office of Government Ethics. It lists World Liberty Financial as one of Trump’s biggest sources of income among his wide range of business interests.
Trump reportedly holds 15.75 billion governance tokens in the company, not through investment, but in return for promoting the project. These tokens have helped generate millions in value for the former president.
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He also maintains ownership in digital-related companies like CIC Digital LLC and CIC Ventures LLC, although those businesses earned little or no income in the past year.
The document includes Trump’s signed statement, claiming the information is “true, complete, and correct,” and subject to official review by the ethics office.
Earlier this year, Trump made headlines for removing David Huitema as director of the Office of Government Ethics — the same independent body now reviewing this financial filing. The move raised eyebrows, especially as questions grow about Trump’s business ties while holding public office.
Trump’s Crypto Involvement Raises Ethical Questions
World Liberty Financial has gained attention as a crypto platform offering lending and trading services. Since launching last year, it has sold 21 billion tokens and raised $1 billion through a public token sale.
While Trump’s role appears legally allowed, critics — including both Democrats and some Republicans — say his deep involvement in the crypto space creates a serious conflict of interest. As president, he has the power to shape regulations that could directly impact his own investments.
A recent SEC filing shows that Steve Witkoff, one of Trump’s special envoys, acted as a “promoter” of World Liberty Financial. This has sparked concerns that Trump may be giving preferred access to political insiders or supporters who buy into his cryptocurrency ventures.
In fact, SEC Chair Paul Atkins, appointed under Trump’s administration, has dropped several enforcement cases against crypto firms, creating a more relaxed regulatory climate for the industry.
Rep. Jamie Raskin, a top Democrat in the House, has now launched an investigation into a private dinner Trump hosted for major investors in his meme coin project. The meeting reportedly included discussions on policy and potential business opportunities.
Trump Expands Crypto Plans Through Trump Media
Trump Media & Technology Group, another business tied to the former president, is planning to raise $2.5 billion to build a bitcoin treasury and launch a Bitcoin ETF (exchange-traded fund). This would further expand Trump’s influence in the crypto world.
One of the biggest backers of these plans is DRW Investments, run by Chicago trader Don Wilson. DRW invested $100 million into Trump Media just weeks after its crypto firm, Cumberland, received relief from SEC enforcement action.
Before that, the Biden administration had pursued Cumberland over alleged violations related to unregistered securities. The case was dropped shortly after new leadership took over at the SEC.
DRW’s investment highlights the growing network of wealthy crypto supporters behind Trump’s ventures — and raises further concerns about political influence, financial gain, and ethics.
