President Donald Trump reported hundreds of millions of dollars in cryptocurrency-related income through his family's crypto company World Liberty Financial, according to a financial disclosure report released on Tuesday by the Office of Government Ethics. The 927-page annual report detailed $65.6 million from the sale of equity in WLF Holdco and $236.25 million in token-sale proceeds distributed by World Liberty Financial. The disclosure comes as lawmakers seek to pass comprehensive crypto regulation legislation, with Democrats calling for an ethics provision that would restrict federal officials from certain digital asset transactions.
Trump Reports $301 Million in World Liberty Financial Income
The financial disclosure report showed that Trump's income included more than $65.6 million from the sale of equity in WLF Holdco and $236.25 million in token-sale proceeds distributed by World Liberty Financial. The filing detailed cold-wallet holdings of bitcoin, ether, USDC, LINK, AAVE, ENA, MOVE and ONDO associated with World Liberty Financial. Trump also reported roughly $1.8 million in ether staking rewards.
Financial Disclosure Details Cryptocurrency Holdings and Investments
Beyond World Liberty Financial holdings, Trump invested as much as $100,000 in crypto exchange Coinbase, according to the disclosure. The report also showed multiple investments in Strategy, formerly known as Microstrategy. The 927-page annual financial disclosure report covered an array of investments from Domino's Pizza to Costco to Victoria's Secret to Lockheed Martin as well as large banks like JPMorgan.
Democrats Propose Ethics Provision for Crypto Regulation Bill
World Liberty Financial has come under scrutiny as lawmakers seek to pass a sweeping bill to regulate the crypto industry. Democrats have called for an ethics provision to be added to that bill that would block the president, vice president, lawmakers, and other federal officials from making certain financial transactions involving digital assets in order to support the bill.
Vice President Vance Discloses Bitcoin Holdings
In contrast to Trump's 927-page report, Vice President JD Vance's annual financial report released on Tuesday was 17 pages. In it, he disclosed he held up to $500,000 worth of bitcoin.
FAQ
How much cryptocurrency-related income did President Trump report?
President Trump reported more than $65.6 million from the sale of equity in WLF Holdco and $236.25 million in token-sale proceeds distributed by World Liberty Financial, according to the financial disclosure report released on Tuesday. The filing also detailed roughly $1.8 million in ether staking rewards and cold-wallet holdings of multiple cryptocurrencies including bitcoin, ether, USDC, LINK, AAVE, ENA, MOVE and ONDO.
What cryptocurrencies does Vice President JD Vance hold?
Vice President JD Vance disclosed he held up to $500,000 worth of bitcoin, according to his 17-page annual financial report released on Tuesday by the Office of Government Ethics.
