Categories: CRYPTO

Trump Reports $57M Crypto Income From WLFI Venture


US President Donald Trump has disclosed $57.4 million in income from his involvement with World Liberty Financial, a cryptocurrency venture he backs alongside his sons Donald Jr. and Eric.

The details emerged in Trump’s 2025 public financial disclosure, filed with the US Office of Government Ethics on June 13. The filing reveals that Trump holds 15.75 billion governance tokens in World Liberty Financial, which also grants him voting rights.

While the document does not elaborate on the precise structure or market value of the governance tokens, the substantial reported income suggests that Trump has monetized some portion of the position or that the tokens were valued for disclosure at a high internal rate.

The filing simply states the income as “$57,437,927” without detailing whether the gain was realized through token sales, staking rewards, or other mechanisms.

Filing shows Trump earning $57 million from WLFI. Source: DocumentCloud

Related: Trump Media’s Bitcoin treasury registration ‘declared effective’ by SEC

World Liberty Financial raises $550 million

World Liberty Financial raised $200 million in its first round of public token sale and another $250 million in the second token sale, bringing total fundraising to approximately $550 million, the firm disclosed in March.

The project launched in September 2024 with a focus on DeFi and dollar-pegged stablecoins, presenting itself as a challenger to the traditional financial system.

Major crypto investors have also bought in. Tron founder Justin Sun invested $30 million in November 2024, receiving 2 billion WLFI tokens at the early price of $0.015.

Web3Port followed with a $10 million investment in January, while Oddiyana Ventures also joined as a strategic investor, though the amount was not disclosed.

Related: Trump addresses Coinbase summit to discuss crypto plans

Trump’s broader digital asset footprint

Notably, Trump’s disclosure also reflects his broader digital asset footprint. In past filings, he revealed revenue from NFT-based ventures such as the Trump Digital Trading Cards collection. The latest filing shows no new NFT income.

According to the form, Trump maintains roles in various holding companies tied to digital ventures, including CIC Digital LLC and CIC Ventures LLC, although income from those entities is minimal or inactive.

The ethics filing includes the President’s certification that the information is “true, complete, and correct to the best of [his] knowledge” and is subject to review by the Office of Government Ethics.

Magazine: China threatened by US stablecoins, G7 urged to tackle Lazarus Group: Asia Express



Source link

Mainedigitalnews.com

Share
Published by
Mainedigitalnews.com

Recent Posts

Hip Hop FinFest Vol. 5

By . Hip Hop FinFest livestreams its youth song competition and community concert from Abrons…

2 days ago

NY Rangers Game 8 Open Thread: Rangers vs Tampa

The Rangers rebounded nicely against Vancouver on Sunday night after losing Igor Shesterkin for the…

2 days ago

Starknet Launches Shadow Accounts for DeFi Wallet Privacy

Ethereum layer-2 network Starknet has launched a wallet privacy feature that lets users interact with…

2 days ago

Nine images capturing 100 years of Bel-Air

From a 'gentlemen's haven' to film-star refuge and high-end, low-profile enclave Source link

2 days ago

Michael Woodford, Nobel Laureate – Marginal REVOLUTION

I think of Michael Woodford as the kind of economist who studies something very specific…

2 days ago

Titan Mattress Teacher Discount: Our Deal of the Day

The school day might end when the final bell rings, but lesson planning, grading, and…

2 days ago