The crypto business is lucrative for Trump.Image: keystone
He once demonized the crypto business, now a new document shows: Trump and his entourage are raking in hundreds of millions with it.
Jul 1, 2026, 3:52 amJul 1, 2026, 4:02 am
“Bitcoin, that just seems like a scam to me,” said Donald Trump in 2021. “I don’t like it because it’s another currency that competes with the dollar.”
But the wind has changed since then. The industry actively supported Trump in the 2024 election campaign; he received large donations from the scene at the time.
Now it is clear: Trump and his entourage not only benefited politically, the U-turn was also worth it financially for the US President.
Trump’s crypto business is booming
On Tuesday, Trump disclosed his finances in a 900-page document. As various investigations by US media show, Trump earned a total of more than a billion from various crypto businesses.
Over $500 million comes from investments in World Liberty Financial alone – a cryptocurrency exchange that he founded in 2024 as part of his election campaign. The company is run by Trump’s sons and the offspring of Steve Witkoff, Trump’s special envoy for the Middle East and Russia.
Trump collected another $635 million in royalties from the so-called Celebration Coins. The news agency is behind it Bloomberg according to Trump’s business with so-called meme coins, which runs under the name CIC Digital. “Meme coins” are digital coins that use images from the Internet or pop culture and can be traded. Shortly before he took office, Trump himself also launched a “meme coin” with his likeness called “$TRUMP”.
The report shows numerous other sources of income from various assets and investments, including income from its golf courses. Trump also made millions with various accessories and small items such as Bibles, steaks and sneakers. For example, it is reported that Trump made $4.7 million from watches with his name on them alone.
FIFA boss Infantino also appears in the document. He gave Trump ten tickets for the final of the World Cup worth a total of $15,000.
Trump, Melania and Infantino.Image: keystone
Trump is pushing crypto-friendly agenda
The president’s crypto income is also in focus because his government is significantly pushing forward trading in digital currencies. Trump had set himself the goal of making the USA a “Bitcoin superpower” and has been dismantling a number of regulations since taking office.
Trump also subsequently pardoned the founder of the digital currency exchange Binance, Changpeng Zhao, who was convicted of violating money laundering laws. Binance entered into a close business relationship with World Liberty Financial after Trump’s re-election.
This is not the first time that Trump’s unusually high income for a US president has come into focus. In mid-May, a similar statement revealed that Trump invested millions in the tech company Apple shortly before his trip to China. Apple boss Tim Cook accompanied him in Beijing.
At the time, the US government had always rejected allegations of conflicts of interest. Trump’s assets are not managed by himself.
(With material from sda)