Trump made more than $1bn from crypto in first year back in office

US President Donald Trump made more than $1bn (£750m) last year from business dealings in cryptocurrency, according to his mandatory financial report for 2025.

In a 927-page disclosure, Trump reported $635m in royalties from a company that issues $TRUMP, a crypto token he launched three days before taking office for his second term.

He also reported more than $500m in income from token sales by World Liberty Financial, a cryptocurrency firm backed by the president and his family,

It compares with more than $600m in total income that Trump reported in his last financial disclosure. But the White House rejected any suggestion he was profiting from the presidency.

Much of the income was from transactions with World Liberty Financial, a venture from which Trump and family members receive 75% of the company’s proceeds.

But White House deputy press secretary Anna Kelly rejected any suggestion of ethical concerns and said Trump had proudly made the US “the crypto capital of the world”.

“Neither the President nor his family has ever engaged – or will ever engage – in conflicts of interest,” she said in a statement.

She added: “All actions by President Trump and his administration are taken in the best interest of the American people – and any so-called ‘reporters’ pushing otherwise are recycling the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade.”