Warren accuses Trump of profiting from crypto policy as 2025 disclosure shows $1.4 billion in earnings
WASHINGTON, Aug. 27. Roughly $1 billion in cryptocurrency holdings put President Donald Trump in direct conflict with his administration's role writing digital-asset rules, Sen. Elizabeth Warren argued Thursday on X. Trump's 2025 financial disclosure showed his companies generated more than $1.4 billion from crypto ventures, including more than $520 million from World Liberty Financial token sales and over $635 million in Official Trump memecoin royalties.
Key takeaways
- Sen. Elizabeth Warren argued on X on Thursday that roughly $1 billion in cryptocurrency holdings put President Donald Trump in direct conflict with his administration's role writing digital-asset rules.
- Trump's 2025 financial disclosure showed his companies generated more than $1.4 billion from crypto ventures, including over $520 million from World Liberty Financial token sales and over $635 million in Official Trump memecoin royalties.
- A Public Citizen report estimated investors in Trump-linked crypto products are at least $4.7 billion underwater while Trump collected at least $1.4 billion from those products in 2025.
- Trump defended the earnings in July, saying "There's nothing illegal, there's nothing wrong with it."
- The White House has rejected conflict-of-interest allegations, with spokesperson Anna Kelly telling Reuters in June that neither Trump nor his family engaged in conflicts of interest.
WASHINGTON, Aug. 27. Roughly $1 billion in cryptocurrency holdings put President Donald Trump in direct conflict with his administration's role writing digital-asset rules, Sen. Elizabeth Warren argued Thursday on X. Trump's 2025 financial disclosure showed his companies generated more than $1.4 billion from crypto ventures, including more than $520 million from World Liberty Financial token sales and over $635 million in Official Trump memecoin royalties.
Warren did not explain how she calculated the roughly $1 billion figure. The same 2025 filing showed Trump retained 15.75 billion World Liberty governance tokens valued above $50 million, and Trump-affiliated companies held as much as $160 million in Bitcoin and Ethereum at the end of 2025.
Warren's criticism coincided with a Public Citizen report estimating that investors in Trump-linked crypto products are at least $4.7 billion underwater while Trump collected at least $1.4 billion from those same products in 2025. Public Citizen attributed an estimated $3.2 billion in losses to the TRUMP memecoin, at least $1 billion to World Liberty's WLFI token, and about $450 million in paper losses to Trump Media and Technology Group Corp.'s Bitcoin holdings. The watchdog noted most losses remain unrealized.
Trump defended the earnings in July. "There's nothing illegal, there's nothing wrong with it," he said. Benzinga reached out to the White House for comment on Warren's Thursday statements and received no response.
Trump last week hosted cryptocurrency executives at the White House and urged Congress to pass what he called a "fair version" of the Clarity Act, legislation that would establish clearer federal rules for digital assets. Reuters reported his administration has also implemented federal stablecoin rules while scaling back some Justice Department and Securities and Exchange Commission crypto enforcement.
The White House has previously rejected conflict-of-interest allegations. Spokesperson Anna Kelly told Reuters in June that neither Trump nor his family has engaged in conflicts of interest, adding that Trump made the U.S. "the crypto capital of the world."
Warren, who recently called Trump's $1.4 billion crypto windfall a "scam," has pressed for ethics rules that would bar senior officials from profiting from industries they help regulate.