US President Donald Trump made more than $1 billion (£750 million) from trading deals in cryptocurrencies last year, according to his mandatory financial report for 2025.
In the 927-page disclosure, Trump reported $635m in royalties from the company that issued $TRUMP, a crypto token he launched three days before taking office for his second term.
They also reported more than $500 million in proceeds from a token sale by World Liberty Financial, a cryptocurrency firm backed by the president and his family.
This compares with the total income of more than $600 million reported by Trump in his last financial disclosures. But the White House rejected any suggestion of profiting from the presidency.
Most of the income was from transactions with World Liberty Financial, a venture from which Trump and family members receive 75% of the company’s income.
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 have ever been – or will ever be – involved in a conflict of interest,” he said in a statement.
He said: “All actions taken by President Trump and his administration are in the best interests of the American people – and any so-called ‘reporter’ otherwise is repeating the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade.”