President Donald Trump reported over $1.2 billion in crypto-related earnings for 2025 in a federal financial disclosure filed Tuesday. The 927-page filing with the Office of Government Ethics reveals that CIC Digital, Trump's meme coin business, earned approximately $636 million in royalties after launching the token three days before his January 2025 inauguration. World Liberty Financial added about $515 million from token sales and $65 million from equity, with a Trump family entity owning roughly 38% of the DeFi venture. Trump also disclosed over $100 million in Bitcoin and Ethereum holdings. The disclosure came one day after the Supreme Court's 6-3 ruling in Trump v. Slaughter, which allows presidents to fire commissioners at independent regulators like the SEC and CFTC without cause, overturning a 91-year-old precedent. This timing raises questions about conflicts of interest as Trump now regulates the crypto industry in which he holds significant financial stakes. World Liberty Financial has faced scrutiny over its foreign ties, including a May 2025 deal where Abu Dhabi's MGX fund routed $2 billion through the firm's USD1 stablecoin. Senate Democrats have demanded hearings, while the White House denies any deal shaped by UAE involvement. The earnings were disclosed during a market downturn, with Bitcoin at $58,500, down over 50% from its October peak.

Key facts

• Trump earned $636M from CIC Digital meme coin royalties.
• World Liberty Financial contributed $515M from token sales and $65M equity.
• Supreme Court ruling in Trump v. Slaughter expands presidential power over crypto regulators.
• Abu Dhabi's MGX fund used World Liberty Financial's stablecoin for a $2B Binance investment.
• Bitcoin at $58,500, down 50% from October peak; small meme coin investors face losses.

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