The most recent annual financial disclosure in the United States revealed that the income associated with encrypted assets in the name of Trump had exceeded its traditional operations such as real estate, golf and resorts. This 2025 document also rekindled discussions about the relationship between encryption policy and individual business interests during its term in power.
$TRUMP and WLF contributed most
The disclosure documents show that two of the two main sources of Trump's encrypted income are $RUMP-related authorized income and World Liberty Financial.
Of this amount, $635.1 million related to income from TRUMP memecoin, which is classified in the document as “Celebration Coins” royalties derived from authorization agreements. Another major source of income comes from World Liberty Financial, amounting to approximately $236.3 million.
The paper also shows that the DeFi project, which was created with the participation of Tram-wide ' s children, brings together close to $800 million in revenues for the Tramp-related companies. This includes over $520 million in currency sales and over $250 million in business equity sales.
Encryption revenues are higher than traditional business
Compared to the previous year, there was a marked increase in the income of World Liberty Financial. In the 2024 disclosure document, Trump earned approximately $5,735 million on the sale of this currency.
While there are still significant revenues from the golf course and resort under the flag of Trump, disclosure documents show that the encryption business contributes more. The total income from golf clubs and resorts listed in the document exceeds $500 million.
Among them, Trump International Golf Club in the Sea Lake Estate and West Palm Beach has seen more significant growth. From $50 million in the previous year, the sea and lake estate income rose to $770 million.
Vance disclosed possession of bitcoin.
In addition to income, the document lists the multiple digital assets it holds. The disclosure showed that Trump held more than $50 million in BTC and ETH, together with USDC and other digital assets associated with Trump.
It also disclosed its investments in Coinbase, Strategy, CME Group, Block and the Intercontinental Exchange. The Vice-President ' s financial disclosure of JD Vance showed that he held bitcoin worth between $100,000 and $500,000 through the Coinbase account.
This disclosure comes at a time when the Trump government continues to promote a more friendly encryption policy. The report mentions that since Trump returned to the White House, the Government has supported the stabilization of currency legislation, reduced regulatory enforcement and other initiatives in favour of the digital asset industry.
Critics believe that these policies may raise conflicts of interest where Trump remains the beneficiary of the relevant business trust. The White House, for its part, stated that its children were responsible for the management of the business and that Trump himself and his family had not violated ethical standards.
Additional information:The former Acting Director of the Ethics Office of the United States Government, Don Fox, stated that the President and Vice-President enjoyed immunity from a number of federal conflict-of-interest laws, which raised renewed concerns about the need for stricter restrictions on the holding of investments by senior officials.