President Donald Trump’s crypto businesses, spanning memecoins, stablecoins and DeFi, have generated more than $1bn in profits, according to the Financial Times.
Eric Trump Says Crypto Operations Earned $1bn, and That May Be Understated
17 October 2025 - 11:23 CEST
Eric Trump, who co-manages the Trump family’s business with his brother Donald Jr., told the FT the true figure is “probably higher.”
The Trump family has traditionally invested in real estate, casinos, hotels and golf courses. In recent months, however, the business has accelerated a pivot towards digital assets, signing multi-billion-dollar deals through associates and affiliated ventures.
Crypto capital of the world
Since assuming the presidency in January, President Trump has sought to make the US the “crypto capital of the world” by championing legislation designed to boost innovation in the sector.
The industry has welcomed his pro-crypto stance as the Department of Justice winds down litigation against firms targeted under the previous administration. President Trump has also directed federal agencies to review and reform rule-making to support industry growth.
That ambition has shaped his legislative agenda. The administration has urged Congress to enact sweeping laws to establish regulatory frameworks for digital assets. In July, Congress passed the GENIUS Act, later signed by President Trump, setting out rules for stablecoin issuance and use.
Trump and Republican lawmakers have framed this as essential to preserving a US lead in the digital economy. For the President, the spread of dollar-backed stablecoins, combined with the expansion of US-based crypto firms and exchanges, will, he argues, reinforce a dollar-led global financial system.
Inside the crypto business
That political push has mirrored the Trump family’s growing commercial footprint in digital assets.
At the centre of its portfolio is World Liberty Financial, co-founded by Donald Trump Jr. and Eric Trump with a group of partners.
The company has issued two tokens: WLFI, a “governance” token, and USD1, a dollar-pegged stablecoin. The FT reported that WLFI token sales generated $550mn, while $2.71bn in USD1 issuance was included in revenue estimates.
Other ventures include the TRUMP and MELANIA memecoins, which together contributed roughly $427mn in fees and trading gains. Trump Media and Technology Group, the parent of Truth Social, also pivoted to a crypto treasury model, purchasing $2.5bn worth of Bitcoin earlier this year.
Immediate concerns
Some Democratic lawmakers and observers warn that the overlap between public office and private crypto income could present conflicts of interest, especially when regulation directly benefits sectors associated with the Trump name.
“The scale of private investment while in office is unprecedented in modern US history,” said former White House ethics lawyer Richard Painter. Critics in Congress have questioned whether policies that benefit stablecoin issuance or token launches intersect with Trump-backed ventures.
The White House, however, has defended the arrangement. A spokesperson said Trump’s business empire was built long before his presidency and that his assets are managed through a revocable trust controlled by Don Jr.
For investors and the wider industry, the Trump crypto story underscores a new era in which policy, regulation and enterprise are no longer separate spheres, and the line between public duty and private gain is increasingly blurred.
