Trump’s financial disclosure lists $1.4 billion in crypto earnings, powered largely by meme coins

July 1, 2026 - 08:19

A new financial disclosure report from former President Donald Trump reveals that his cryptocurrency holdings generated approximately $1.4 billion in earnings over the past year. The bulk of that windfall came from meme coins, a volatile and often speculative corner of the digital asset market.

The filing, submitted to the Office of Government Ethics, also lists $80 million in income from settlements related to lawsuits Trump filed against major media and technology companies. Those settlements involved legal actions against ABC, CBS, Meta, and YouTube.

The crypto earnings mark a dramatic shift for Trump, who previously dismissed digital currencies as a scam. In recent months, however, he has embraced the sector, launching his own NFT collections and promoting various token projects. Critics point out that meme coins, which are often based on internet jokes or trends, carry high risk and have been linked to market manipulation. Supporters argue the gains reflect a growing mainstream acceptance of decentralized finance.

The disclosure does not break down exactly which meme coins generated the profits, but it underscores how deeply the former president has become involved in the crypto space. Legal experts note that the report is required as part of ongoing ethics rules, though Trump is not currently in office. The settlement income from the media lawsuits, meanwhile, highlights his aggressive legal strategy against outlets he accuses of bias or defamation.