President Donald Trump's crypto business interests have seen significant growth in the past year, according to a recent disclosure report. The president took in nearly $1.2 billion from his crypto businesses, including World Liberty Financial and CIC Digital LLC, with revenues exceeding those of his property portfolio. This marks a stark increase from his previous net worth estimates, which stood at $6 billion as reported by Forbes.
The majority of Trump's crypto income came from the sale of 'governance tokens' through World Liberty Financial, earning him over $500 million. CIC Digital LLC also generated more than $600 million from sales of souvenir-type 'meme' coins featuring the president's face. However, both assets have since plummeted in value.
The Trump Organization has maintained that its business dealings are private and separate from government policies, despite critics arguing that this may lead to conflicts of interest. Regulators had previously expressed concerns about the tokens, labeling them difficult to value and offering no ownership stake in the issuing company.