- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,480-0.03%
- October 17, 202613°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,480-0.03%
- October 17, 202613°
Trump's cryptocurrency income declared as $1.4 billion in financial disclosure
A financial disclosure for U.S. President Donald Trump revealed he earned at least $1.4 billion from cryptocurrency projects last year, Bloomberg reported, surpassing his hotel and golf course income.
Bloomberg reported that U.S. President Donald Trump's financial disclosure showed he earned at least $1.4 billion from cryptocurrency projects last year. The 927-page disclosure, published by the U.S. Office of Government Ethics on June 30, 2026, revealed that cryptocurrency was Trump's largest source of income.
Breakdown of Cryptocurrency Income
Bloomberg's calculations showed that Trump's cryptocurrency income consisted of the following items:
- Approximately $594 million from World Liberty Financial, a project co-founded by Trump and his sons,
- $636 million from a meme coin project bearing Trump's name,
- $197 million from the sale of shares related to Stablecoin HoldCo.
The bulk of these earnings came from one-time token sales and equity transfers, and do not represent recurring operating profit. For comparison, Coinbase, the most profitable publicly traded cryptocurrency exchange in the U.S., reported a net income of $1.26 billion last year.
Administration's Actions
Trump's cryptocurrency earnings coincided with a series of supportive steps his administration took toward the digital asset sector. In July 2025, Trump signed the GENIUS Act regulating stablecoin issuers, thus implementing the first federal stablecoin framework. The White House announced that the law requires stablecoins to be backed 100% by liquid assets and mandates monthly reserve reporting.
The U.S. Securities and Exchange Commission (SEC) dropped its lawsuit against Coinbase in February 2025. Commissioner Hester Peirce said the decision reflected an approach to regulating the cryptocurrency industry through rule-making rather than enforcement. In October 2025, Trump pardoned Binance founder Changpeng Zhao, who had pleaded guilty to violating the U.S. Bank Secrecy Act in 2023.
Market Volatility
Trump's huge earnings contrasted with a severe sell-off in the cryptocurrency market in October 2025. According to CoinGlass data, more than $19 billion in leveraged positions were liquidated within 24 hours on October 10, 2025. Bloomberg wrote that some companies were hit hard by the wave, especially mining firms pivoting to artificial intelligence and exchanges with declining trading volumes. Strategy, linked to Michael Saylor, recorded a $3.8 billion loss after the drop in Bitcoin's price. Tokens tied to Trump's own projects were also far from their peaks: the meme coin lost more than 95% of its value, while the World Liberty token fell 75%.
Trump responded to questions about allegations that he benefited from his presidency by saying he was wealthy before being elected. The White House has repeatedly stressed that Trump's family is not involved in the management of the crypto projects and that there is no conflict of interest.
Stay Updated with The Turkiye Times
Subscribe to be informed about special news, developments and announcements. We will keep you informed.
By signing up, you agree to our Privacy Policy
