Trump reports more than $1 billion in income from crypto ventures in financial disclosure

July 1, 2026 - 05:37

President Donald Trump's latest financial disclosure, filed in 2025, reveals that he earned more than $1 billion from cryptocurrency ventures and meme coin projects. The massive sum marks a significant shift in the former president's financial portfolio, which has increasingly leaned into digital assets since leaving office.

The disclosure, required by federal ethics rules, lists income from a range of crypto-related businesses, including NFT collections and branded meme coins. Trump has promoted these ventures heavily on social media and at public events, drawing both enthusiasm and criticism from financial regulators.

Separately, Trump announced that the Republican Party will hold its midterm convention in Dallas, Texas. The event is expected to draw thousands of party members and candidates ahead of the 2026 elections. Dallas was chosen for its central location and strong GOP donor base.

The financial report has sparked debate among lawmakers and ethics watchdogs, who question the transparency of such large crypto holdings. Trump's team has defended the income as legitimate business earnings, noting that all disclosures were filed on time and in compliance with the law. No further details on the specific crypto assets were released.