Over $1.2 Billion from Cryptocurrencies: Donald Trump's Earnings Since Returning as President

The U.S. Office of Government Ethics has published President Donald Trump's annual financial disclosure, a 927-page document that outlines income, financial holdings, and economic activities reported for 2025. Among the most relevant data, the central role of cryptocurrencies emerges, from which the president is said to have generated revenues exceeding $1.2 billion during the first year of his second term.

The disclosure highlights how the primary source of income in the crypto sector has been the meme coin TRUMP, launched on the Solana blockchain just days before the president's inauguration in January 2025. According to the documentation, Trump has received over $635 million, almost exclusively as royalties from a licensing agreement with Celebration Coins. The token reached a market capitalization of several billion dollars in the hours following its debut, only to lose much of its value; today it trades at around $1.66, with a market capitalization of about $394 million, down approximately 98% from the all-time high reached on January 19, 2025.

In addition to these revenues, over $588 million in net proceeds from token sales through World Liberty Financial, an initiative in decentralized finance and stablecoins associated with the Trump family and its business partners, are reported. The financial disclosure also lists direct holdings exceeding $50 million in Bitcoin and between $5 million to $25 million in Ethereum, along with other assets in digital currencies.

The documentation further confirms that cryptocurrencies represent only a part of the president's numerous income sources. Trump has also declared $86.5 million obtained through out-of-court settlements, including $24.5 million from Meta and $16 million each from Paramount and Disney. Profits from stock investments are also reported, including holdings in companies like Amazon, Meta, NVIDIA, and Tesla.

Revenues from the real estate sector and private clubs continue to grow. The Mar-a-Lago resort generated approximately $77 million in revenue, up from $50 million the previous year, while the National Doral Resort reached $122 million compared to $110 million registered in 2024.

The disclosure also includes revenues from licensing the Trump brand for real estate projects in Romania, India, and the Middle East, $4.7 million from Trump-branded watches, nearly $2 million in royalties for the book "Save America," and even a monthly pension of $6,484 paid by the Screen Actors Guild.

The publication of the disclosure has reignited political debate in the United States. Democrats and some members of the Republican Party continue to highlight possible conflicts of interest arising from the fact that the president maintained numerous private business activities during his term, without transferring them to an independent blind trust as many of his predecessors did. Criticism particularly focuses on the cryptocurrency sector, whose prospects largely depend on the policies and regulations adopted by the Trump administration itself.

The issue has also resurfaced during the debate over the Clarity Act, the bill dedicated to regulating the cryptocurrency market. Although it obtained approval in the House of Representatives, the measure is still awaiting examination by the Senate. Some Democratic representatives are calling for the text to be supplemented with specific ethical standards that would prevent the president and his family members from engaging in business activities directly related to the cryptocurrency sector during the term.