Trump's 1.4 billion-dollar encrypted revenue disassembly: name and portrait, more than currency. Money

ON 30 JUNE, UNITED STATES PRESIDENT TRUMP SUBMITTED HIS ANNUAL FINANCIAL DISCLOSURE REPORT FOR 2025 TO THE GOVERNMENT ETHICS OFFICE. THE DOCUMENT IS ON PAGE 927. CNN REPORTS THAT OBAMA AND BIDEN'S SIMILAR DOCUMENTS ADD UP TO LESS THAN 20 PAGES。

What's on 927? Encryption currency. In the first year of its second term, Trump earned more than $1.4 billion in income from encrypted currency-related operations. This figure includes three sums of money of a different nature, coming from two different entities, which, through at least three layers of the legal framework, flowed into the Trump family accounts。

This is not a story about how much the president earns. None of the $1.4 billion was earned by Trump himself on the exchange. It's more like a brand business income statement, but it's selling the president's name and portrait。

Where did $1.4 billion come from

the $1.4 billion proceeds of encryption are divided into three main groups. the largest one was $635 million from meme coin licence fees。

The second was $515 million from World Liberty Financial (WLF) token sales. The third one, $65 million, came from the sale of shares in WLF Holdings。

The sum of three sums is more than $1.2 billion, with the rest spread among smaller encrypted asset items such as Bitcoin hold (over $50 million according to Bitcoin Magazine) and Etherak hold (between $5 million and $25 million)。

These three income streams share a common feature. Trump himself and his immediate family did not directly operate any encryption project. What they do is closer to branding. Understanding this is a prerequisite for understanding the entire ledger。

What is the business model behind each income stream

$635 million meme coin licence fees. According to NBC News, the disclosure documents show that CIC Digital LLC recorded an amount of USD 635,068,835 in royalties related to an entity called Celebration Coins. CIC Digital is held by Donald J. Trump, who can revoke the trust。

That's how it works. On January 17th, 2025, three days before Trump took office, US$TRUMP meme coin was released on the Solana block chain. The total number is 1 billion, only one fifth of which is publicly available, and the remainder is held by Trump Associated. The issuer is the joint venture of CIC Digital and Celebration Cards LLC。

Trump himself doesn't issue currency, he doesn't run transactions. What he did was authorize the name and portrait to be given to the entity on the distribution chain and then charge the licence fee proportionately. $635 million represents the cost of the brand。

According to CoinDesk, as of May 2025, transaction fees in TRUMP have generated over $320 million in additional revenue for its founders. During the same period, the currency fell by 87 per cent from its peak. How much money is lost by the purchasers, and how much money is earned on one side of the coin is two parallel figures。

$515 million WLF token sales. World Liberty Financial is a DeFi platform created jointly by the Trump family and partners in 2024. According to Yahoo Finance, the Trump entity holds 60 per cent of the WLF shares and Trump himself owns 70 per cent of the entity ' s interests。

WLF issued the governance token WLFI, a total of 100 billion copies, which is sold in one quarter of the public. According to CoinMarketCap, coin sales eventually raised about $550 million。

The key detail is proportionality. WLF disclosure documents show that three quarters of the proceeds of currency sales flow directly to the Trump entity, with the rest belonging to the Witkoff family and the co-founders, Zak Folkman and Chase Herro。

$515 million is the figure cut to the Trump side in this proportion。

The WLF management list is also noteworthy. CEO is Steve Witkoff, son of the White House Middle East envoy, Zach Witkoff. The three sons of Trump, Eric, Donald Jr. and Barron were co-founders. Trump himself and Steve Witkoff are no longer nominally involved in day-to-day affairs under the title "Honour of the Co-founder."。

In May 2026, Unchained Cripto reported that the WLF had subsequently sold over $5.9 billion of WLFI coins privately, while 80 per cent of the holding hold of the early open purchaser remained locked。

$65 million WLF equity income. According to CNBC, the money came from the sale of shares in WLF Holdings. In February 2026, CoinDesk reported that an Abu Dhabi associated entity had secretly signed an agreement to buy nearly half of the WLF in $500 million before Trump took office。

THE ASSOCIATION OF $65 MILLION RECORDED IN THE DISCLOSURE DOCUMENT WITH THE TRANSACTION IS NOT FULLY CLEAR, BUT IT IS PART OF THE WLF EQUITY REALIZATION。

WLF also released USD1 stabilization currency in March 2025, anchoring the United States dollar, backed by United States Treasury bonds and cash equivalents. According to Phemex, by the end of the first quarter of 2026 USD1 was close to $4.5 billion. ABC News reports that the Abu Dhabi National Fund, MGX, has used $2 billion in USD1 to participate in an investment transaction in currency。

The first one lost, the second one earned it

$1.4 billion is a figure that needs to be placed in historical coordinates to understand。

Forbes estimated that Trump ' s net assets rose from approximately $5.1 billion in 2025 to $6.5 billion in February 2026. Encryption is the core engine of this round of growth。

The evolution of the wealth of successive United States Presidents provides a reference. Clinton entered the White House with net assets of about $1.3 million, and after his departure accumulated about $120 million through books and speeches. Obama's trajectory is similar, starting at a million-year level, and it took more than a decade to reach a million-year level. Bush started from a higher point of view, but also at a slower rate。

What these former Presidents have in common is that their wealth has grown mainly after leaving the White House, on the basis of recollection royalties and a six-digit lecture fee. Trump's $1.4 billion took 12 months during his tenure。

And even more noteworthy is the comparison from Trump himself. His first term of office was completely contrary. Newsweek reported that the net assets on board in 2017 were about $3 billion, and that they shrunk to about $2.3 billion when they left in 2021. He was the only President of the modern United States whose wealth shrunk during his tenure。

In the first year of his second term, he had doubled his losses for the first four years. The difference is not a change in business capacity, but a change in liquidity tools. The last round was a hotel and golf course, and this round was a token and licence fee。

There is also a further detail on page 927. According to disclosure documents, on 18 July 2025, Trump signed GENIUS Act, establishing the first federal regulatory framework for dollar stabilization. The signatories operated one of the fastest-growing stable currencies in the market。

Trump's 927-page disclosure document makes one thing clear. Encrypted currency has become the largest single source of income for the presidency, larger than real estate, more than a golf course, or any traditional commercial line。