WorldU.S. President Donald Trump took in nearly $1.2 billion US from his crypto businesses last year, a federal filing released Tuesday shows, locking in profits as his investors suffered losses.Billionaire investors, president's move to quash crypto industry crackdown helped fuel venturesThe Associated Press · Posted: Jul 01, 2026 8:59 AM EDT | Last Updated: 32 minutes agoListen to this articleEstimated 6 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.A federal filing released Tuesday gives insight into the crypto business dealings of U.S. President Donald Trump, shown here in May during an announcement at the White House. (Kevin Lamarque/Reuters)U.S. President Donald Trump took in nearly $1.2 billion US from his crypto businesses last year, a federal filing released Tuesday shows, locking in profits while his investors suffered losses.Mere startups when he took the oath of office, the new ventures have now eclipsed in revenue much of his vast property portfolio that took him decades to accumulate. Fuelling their rise were billionaire investors and Trump's own move to quash a federal crackdown on the industry. Trump got more than $500 million from his World Liberty Financial business, selling new crypto products, including "governance tokens," according to the required annual disclosure report with the Office of Government Ethics. It also showed another crypto business, CIC Digital LLC, took in more than $600 million from sales of souvenir-type "meme" coins stamped with his face. Both the tokens and the coins have plunged in value since the sales. Trump also took in millions last year from selling Trump-branded Bibles, sneakers and other small items in another unprecedented move for the presidency. The sale of Trump-branded watches alone brought in $4.7 million. AnalysisHow Trump and his family keep profiting from his presidencyThe 927-page disclosure form paints a stark, if incomplete picture of the massive growth of the president's wealth since taking office last January through a web of business interests, many of which have benefited from his government's policy moves. Trump has insisted that his sons direct his finances, but the arrangement rejects the conflict-of-interest protections that his recent predecessors in office had instituted. Forbes estimates Trump's net worth at $6 billion, up from $2.3 billion in 2024. Trump business growing abroad The rise of crypto relative to Trump's property is especially noteworthy because he first rode to office boasting of his property wins. That mainstay business also boomed last year. He took in tens of millions in fees from a flurry of new hotel, resort and condo deals overseas, amounting to the biggest property expansion ever in the century since the family business was founded. Many of those countries were negotiating with the U.S. over tariffs, military aid and other important matters while the family business was striking the deals.A property in the United Arab Emirates generated $10.4 million for the Trump business last year. One in Saudi Arabia being built by a real estate developer close to the ruling family sent the president's company $9 million. One in Bucharest and another in Qatar sent him $5 million each.Flanked by Texas Republican Sen. Ted Cruz, left, Secretary of Commerce Howard Lutnick, second right, and White House AI and Crypto Czar David Sacks, President Donald Trump displays his signed AI initiative in the White House's Oval Office on Dec. 11. (Alex Brandon/The Associated Press)One of his prominent domestic properties, Mar-a-Lago in Florida, notched big growth last year, too.Trump took in $77 million from the property, a 50 per cent jump from the year earlier, when he was just another citizen, as heads of state and business people flocked to it in his new term.The disclosure report doesn't give profit figures, just revenue, so it's impossible to know how much he is earning.Biden administration's crypto stance reversedAfter taking office last year, Trump reversed the Biden administration's tough stance on the crypto industry and pushed policies friendly to the industry. But regulators still had some concerns. Before Trump's World Liberty began selling "governance tokens," they issued warnings about this new kind of crypto asset, saying that unlike stocks, the tokens offer no ownership stake in the issuing company — just voting power on certain corporate policies, and are difficult to value. Buyers pounced anyway, including a Chinese billionaire who spent $75 million on the tokens and $200 million on the souvenir coins. In February last year, a federal lawsuit charging him with duping investors was paused before being settled for a $10 million fine. LISTEN | What does Trump stand to gain?:Front Burner25:12Trump’s crypto bills: what does he stand to gain?U.S. President Donald Trump promised to make America the cryptocurrency capital of the world and he’s been working to make good on that. This week, in what House Republicans dubbed “Crypto Week”, he pushed Congress to pass three major pieces of legislation championed by the industry.