Donald Trump reported roughly $1.4 billion in cryptocurrency-related income for 2025, according to a financial disclosure released on June 30. That figure, covering the first year of his second presidential term, is now the central flash point in a fight over whether crypto legislation should include rules preventing officials from personally profiting off the markets they regulate.

The disclosure has transformed what was already a contentious Senate negotiation over the CLARITY Act into something closer to a standoff, with Democrats refusing to advance the market-structure bill without ethics provisions and Republicans calling those provisions a thinly veiled attack on the president.

Where the money came from

Two ventures account for the bulk of Trump’s crypto haul.

World Liberty Financial, a decentralized finance project co-founded by Trump and his family, generated between $500 million and $800 million in income.