President Trump and his family received more than $1 billion in earnings last year from cryptocurrency businesses, according to a federal financial disclosure report.
The 927-page filing, submitted to the Office of Government Ethics and released Wednesday, detailed the income sources. More than $500 million came from World Liberty Financial, a venture co-founded by Trump family members, while sales of the $TRUMP meme coin generated over $600 million.
Additional revenue included more than $50 million from media settlements and millions from Trump-branded products such as Bibles, sneakers, and watches.
White House spokesperson Anna Kelly stated that the president has made the U.S. the crypto capital of the world and denied any financial conflicts of interest. Trump noted that outside institutions manage his investments and that he does not communicate with them.
Former White House ethics lawyer Richard Painter said Trump stands alone among executive branch officials in having such substantial financial conflicts of interest.
