President Donald Trump made more than $1 billion from cryptocurrency ventures last year, according to a mandatory financial disclosure report released Monday for 2025. The sum, drawn largely from a Trump-branded meme coin and a crypto firm founded by his sons, represents a significant increase, according to the filing.

According to The Guardian, the disclosure filed with the Office of Government Ethics shows the president’s crypto ventures have outpaced revenue from his property portfolio. The Guardian also reported that Trump’s administration moved to reverse prior federal enforcement actions against the crypto industry.

A 927-page filing included $635 million in royalties from a Trump meme coin that launched three days before the president took office. The coin’s value has since plunged. The report also showed over $500 million in income from World Liberty Financial, a cryptocurrency firm founded by his sons, along with the sons of his special envoy Steve Witkoff. Trump and family members receive 75% of the company’s net proceeds, according to the disclosure.

White House deputy press secretary Anna Kelly rejected suggestions of ethical concerns in a statement. “Neither the President nor his family has ever engaged - or will ever engage - in conflicts of interest,” she said. “President Trump proudly made the United States the crypto capital of the world through executive actions, supporting legislation like the GENIUS Act, and other commonsense policies to drive innovation and economic opportunity for all Americans.”

Kelly added that “all actions by President Trump and his administration are taken in the best interest of the American people – and any so-called ‘reporters’ pushing otherwise are recycling the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade.”

Trump had previously criticized cryptocurrency, calling Bitcoin a “scam” and a “disaster waiting to happen.” His latest disclosure also includes several million dollars in transactions from digital wallets holding cryptocurrency and other digital assets.

First Lady Melania Trump reported $10.7 million from a license agreement related to a documentary about her released last year and $6 million from an agreement tied to NFT sales.

The president also earned income from real estate properties abroad, including $10.4 million from a deal in the United Arab Emirates and $9 million from a project in Saudi Arabia, as well as $5 million each from developments in Romania and Qatar. He reported $4.7 million from Trump-branded watches and more than $86 million from five separate legal settlements with media and social media companies, including ABC, CBS, YouTube, Meta and X.