Trump's Cryptocurrency Empire Booms to $1.2 Billion in Revenue

US President Donald Trump's businesses took in nearly $1.2 billion from cryptocurrency sales last year, according to a federal filing released on Tuesday. This figure is part of a larger trend where Trump's business interests have grown significantly since he took office.

The disclosure report shows that his company World Liberty Financial earned over $500 million from selling new crypto products, including 'governance tokens.' These tokens offer no ownership stake in the issuing company but provide voting power on certain corporate policies. Their value has plummeted by 80% since they started trading in September.

Another business, CIC Digital LLC, earned over $600 million from sales of souvenir-type 'meme' coins stamped with Trump's face. These coins initially sold for over $74 but are now worth just $1.68 each.

The White House has repeatedly denied any conflict-of-interest issues and stated that the president's business is managed by his sons. However, experts have raised concerns about the potential impact of these deals on US policy.