US President Donald Trump reported more than $1.4 billion in income from cryptocurrency ventures last year, according to his latest annual financial disclosure, which shows the scale of his family’s move into digital assets since his return to the White House.

The 927-page filing, released on Tuesday by the US Office of Government Ethics, shows that Trump’s crypto-related earnings far outpaced much of his traditional real estate and resort income.

The largest single item was $635 million in royalties linked to a licensing agreement with Celebration Coins. The $TRUMP meme token was launched shortly before his inauguration in January 2025 and briefly surged to a multibillion-dollar market value before collapsing. It is now down by more than 95% from its peak, leaving many late investors with steep losses even as Trump reported hundreds of millions of dollars in related income.

Trump also reported more than $525 million from World Liberty Financial, a crypto venture co-founded by his sons and business associates, including envoy Steve Witkoff. The filing also listed another $65 million from an equity sale, and nearly $197 million in net proceeds from a stablecoin transaction.

The president also reported holding “more than $50 million” in bitcoin and “between $5 million and $25 million” in ethereum, but the disclosure gives only a partial view of Trump’s wealth. US ethics rules allow officials to report asset values in broad ranges, with the highest category listed only as ‘over $50 million’, making it impossible to calculate the full value of his holdings.

The crypto haul nevertheless appears to have become the dominant source of Trump’s income. By comparison, he reported $121 million from Trump National Doral, up from $110 million a year earlier, and $77 million from Mar-a-Lago, up from $56 million.

Trump also disclosed more than $86 million in legal settlements from several major companies, including Twitter/X, ABC, CBS, YouTube and Meta. The filing also listed a wide range of licensing and branding income, including deals tied to watches, sneakers, fragrances, books, and other Trump-branded products.

The White House rejected conflict-of-interest concerns, with spokeswoman Anna Kelly saying Trump “proudly made the United States the crypto capital of the world” through executive actions and legislation supporting the industry. She insisted that neither Trump nor his family have engaged in conflicts of interest, calling the claims a “tired, false narrative.”

Critics argue that Trump’s crypto ventures create unprecedented ethical concerns, as his administration has pushed policies favorable to an industry from which his family has derived enormous income. The president did not divest from his businesses or place his assets into a blind trust before returning to office.

The filing also shows that First Lady Melania Trump earned millions from licensing agreements, including more than $10 million tied to her self-titled documentary and more than $6 million from NFT and collectible sales.