Trump reports $57M earnings from World Liberty Financial
The post Trump reports $57M earnings from World Liberty Financial appeared on BitcoinEthereumNews.com.
US President Donald Trump has revealed earning $57 million from World Liberty Financial (WLF), a cryptocurrency venture he is involved in alongside his sons, Eric Trump and Donald Trump Jr. According to a more than 200-page financial disclosure filed with the US Office of Government Ethics, Trump also holds 15.75 billion governance tokens in WLF—granting him significant voting power within the company. The disclosure shows that WLF was Trump’s single largest income source among hundreds of assets, surpassing revenue from his books and real estate holdings. The filing is expected to intensify scrutiny over Trump’s growing ties to the crypto sector, with critics raising concerns about possible conflicts of interest. Trump earns significant income amid his pro-crypto stance World Liberty Financial announced in January that it has sold 21 billion tokens in a public sale, hitting its target of raising $ 1 billion. A filing with the US Securities and Exchange Commission in 2024 described the special envoy for Trump, Steve Witkoff, as a promoter for WLF. Public support from Trump has helped fuel a rally in crypto markets, sending the price of Bitcoin to over $100,000 a coin. In addition, under chair Paul Atkins, the SEC has dismissed several high-profile cases against crypto groups. Interestingly, Trump has often promoted his $TRUMP meme coin on social media. He also hosted a gala dinner for its largest holders last month. Last week, the Trump family media company said it was planning to launch its own exchange-traded fund to hold Bitcoin directly, and in May, it said it would raise $2.5 billion to establish a “Bitcoin treasury.” During a Bitcoin conference in Las Vegas in May, Eric Trump and Donald Trump Jr revealed that cryptocurrencies were cheaper, faster, more secure, and more transparent than traditional fiat currencies. The White House did not respond immediately…
