The BBC cites the latest financial disclosure report from Trump, where the President of the United States earned at least $2.2 billion in his first year of return to the White House. Of this, the encryption business contributed approximately $1.4 billion, which is the source of most attention. The report notes that this scale has little precedent in the history of the United States President and has once again raised external challenges to conflicts of interest.

The encryption business contributed about $1.4 billion.

According to the mandatory financial disclosure documents made public this week, the proceeds associated with the encryption of the Trump filings come mainly from two parts.

  • Some $635 million in royalties from Celebration Coins
  • Income from World Liberty Financial exceeded $500 million.
  • Total income in 2025 increased significantly from $622 million reported in 2024

According to the report, Celebration Coins was considered to be related to the US$TRUMP meme introduced by Trump before the start of his second term. The other one, World Liberty Financial, which generated large revenues, was created by Donald Trump Jr., Eric Trump and family members of Steve Witkoff, United States Special Envoy for the Middle East and Ukraine.

The White House denied that Toran had made his family profit from the presidency. Anna Kelly, Deputy Press Secretary of the White House, stated that the President and his family had never been or would not have been involved in acts of conflict of interest, and stated that the public interest of the United States was at the forefront of all government actions.

The historians say it's unprecedented.

The BBC reported comparing Trump with former Presidents. The article mentions that there was little alternative source of income for Truman when he left office and that Bush had transferred investments to blind trust management before the election. By contrast, Trump did not strip off major commercial assets, as most predecessors did, nor did it adopt traditional blind trust structures.

According to Barbara Perry, the President's historian of the University of Virginia in the United States, there is “no precedent” for this type of situation. In her view, there had also been financial disputes during the presidential term in the past, but it rarely involved such large-scale direct profits for the President himself.

The report also cites Richard Painter, a former White House ethics lawyer who served in the Bush Administration, who claims that the President's high income from encryption during his tenure would clearly raise concerns about conflict of interest.

Cross-cutting policy actions and business interests

According to the report, the controversy is not just about the size of the revenue but also about the intersection between policy and business interests. The article mentions that Trump signed legislation last July in support of the stabilization currency, and that just a few months ago, World Liberty Financial just started its own digital currency business. The company subsequently generated at least $500 million in revenues for Trump in 2025.

The report also mentions that Trump pardoned the founder of Bianan Zhao Chang Peng last October. This action was read in the context of its overall support for the encryption industry upon its return to the White House, which was seen as a further reinforcement of outside interest in policy orientations and private business interests.

In addition to encryption, the BBC referred to the Trump family ' s dealings with key mining projects in Kazakhstan and the involvement of the United States Secretary of Commerce Howard Lutnick family-controlled Cantor Fitzgerald, indicating that the dispute was no longer limited to digital assets.

For his part, Trump indicated to the media that his funds were managed by the Fund and that he was not involved in the financial operations of individuals and was not directly involved in specific transactions in family enterprises.