The crypto world is "littered with corpses," while the Trump family has made a fortune.
```
The Trump family has reaped over $500 million in profits from their cryptocurrency business over the past year, all amid relaxed crypto regulations and the termination of lawsuits against major industry players under their leadership, raising controversies about conflicts of interest.
On June 30, according to the annual financial disclosure report released by the U.S. Office of Government Ethics, Trump netted $526.8 million last year from token sales by the family crypto business World Liberty Financial.
At the same time, the 15.575 billion World Liberty Financial tokens he holds are currently valued at about $900 million.
Last September, at the launch of the World Liberty Financial token, its market capitalization nearly reached $10 billion. The token sparked trading frenzies across major exchanges, with daily trading volume soaring to $6 billion. However, in the past 10 months, the token’s price has dropped by over 70%, and its circulating market cap is now less than $1.9 billion.
During Trump’s tenure, many restrictions on the crypto industry imposed during the Biden era were abolished, and lawsuits against major crypto companies were withdrawn. Analysts believe the publication of this financial report will further intensify outside suspicions about potential conflicts of interest in the Trump administration.
Family Crypto Empire: Token Sales Bring in Over $500 Million
World Liberty Financial was co-founded in 2024 by Trump’s sons Eric Trump and Donald Trump Jr., with partners including the son of U.S. envoy Steve Witkoff.
According to a report by the UK's Financial Times in October last year, the Trump family’s crypto business had pre-tax profits of over $1 billion in the previous year.
The disclosed data now further reveals the scale of this business empire: Last year, Trump’s token sales alone generated $526.8 million, with an additional $635 million in royalties from the ‘Celebration Coins’ license agreement.
White House spokesperson Anna Kelly responded:
The President and his family have never—and will never—have any conflict of interest.
A Trump Organization spokesperson said the disclosure shows the family business has “strong financial standing, world-class premium assets, abundant liquidity, and a robust balance sheet.”
Diverse Side Income: Turning Watches, Bibles, and Perfume into Cash
Aside from crypto business, Trump’s licensing revenue during his term was also substantial, covering multiple categories. Financial filings show:
Trump Watches licensing brought in $4.7 million in royalties;“Save America” hardcover photo book earned $1.9 million;“Letters to Trump” photo collection contributed $591,000;Country singer Lee Greenwood co-branded custom Bible brought in over $208,000;Sneakers and perfume combined to bring in $67,600;"45th President commemorative" limited edition guitar also brought in $35,900 in licensing dividends.
In addition, Trump disclosed several gift incomes, including 10 FIFA World Cup tickets (valued at $15,000) given by FIFA president Gianni Infantino, and a “Defiance Monument” sculpture (valued at $250,000) from Sticker Mule CEO Anthony Constantino.
The latter recently won the New York State House Republican primary with Trump’s endorsement.
Tech Giants Generously Support, Full Revenue for First Family
The financial report also disclosed several corporate donations from tech and media giants:
Meta paid $24.5 million for the Trump Presidential Library project;Alphabet paid $22 million to the Trust for the National Mall, which is fundraising for the new East Wing Banquet Hall of the White House;CBS and ABC each paid $16 million to the Trump Presidential Library;The lawsuit against Twitter and its founder Jack Dorsey brought Trump $8 million in settlement income.
First Lady Melania also received substantial earnings.
The report shows she received $6 million from NFT sales, and her personal documentary “Melania” was sold to Amazon for $10.7 million.
Risk Warning and DisclaimerThe market has risks and investments must be made cautiously. This article does not constitute personal investment advice and does not take into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinion, perspective, or conclusion in this article fits their specific circumstances. Investing based on this is at your own risk. ```