Democrats are accusing President Trump of improperly profiting from his and his family’s cryptocurrency ventures after he reported more than $1 billion in income tied to the industry.
In his annual financial disclosure released Tuesday, Trump revealed about $594 million in income from World Liberty Financial, the crypto business he launched with his sons in fall 2024, and another $635 million that appears to be linked to the president’s meme coin.
“Trump made $1+ billion from his crypto ventures while in office,” Rep. Jason Crow (D-Colo.) wrote in a social media post Wednesday.
“Today he’s taking his first flight on his illegal $400 million gift from a foreign government,” he added, referring to the new jet gifted to the president by Qatar. “This grift and corruption is staggering. Accountability is coming.”
Sen. Adam Schiff (D-Calif.) suggested that Trump has made more money in the first year of his presidency “than in the rest of his life combined,” with The New York Times reporting he raked in a total of $2.2 billion last year.
Trump has repeatedly faced scrutiny in his second term, as he and his family have become increasingly involved in the crypto industry.
His administration has taken a more industry-friendly approach toward regulating digital assets, rolling back investigations and dismissing cases against crypto companies. Trump also signed the first major crypto legislation, known as the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, into law last year.
