Trump’s backing of the decentralized finance platform comes as his administration pushes to expand U.S. crypto markets.

President Donald Trump earned $57.7 million from token sales by the crypto firm he and his sons helped launch last year, according to his required federal financial disclosure forms.

A $1,000 crypto payout for showing up and cheering in red, white, and blue? That suspicious offer set the internet ablaze ahead of Donald Trump’s highly publicized 250th U.S. Army anniversary parade on June 14,

President Trump's crypto venture, World Liberty Financial, generated him more than $57 million, according to federal financial disclosure forms.

Financial disclosures for 2024 filed by the president on Friday show that digital coins had already become one of his family’s most successful ventures.

One of the biggest money-making ventures for Trump was World Liberty Financial, a cryptocurrency platform launched last year

The meme coin launched by the President-elect on January 18, just two days before his return to the White House, has lost more than half its value in less than five months.

In a recent financial disclosure, it was revealed that the cryptocurrency venture and branded products linked to the family of President Donald Trump have generated an income exceeding $57 million for the president.

"My administration is working with governors to pass the GENIUS Act supporting the creation of dollar-backed stablecoins, and we also will be working to create clear and simple market frameworks that will allow America to dominate the future of crypto and bitcoin," he told a filled room to scattered applause.

Donald Trump holding more than $1.4M in crypto on his birthday, including multiple Trump-inspired meme coins & others.

Donald Trump reported an income of USD 57.35 million (approximately Rs 500 crore) from the sale of tokens by a crypto company named World Liberty Financial.

A stablecoin is a type of cryptocurrency that, unlike usually volatile cryptocurrencies such as Bitcoin, aims to maintain a stable value. Pegged 1:1 to the U.S. dollar, USD1 is a stablecoin launched by World Liberty Financial, a decentralized finance (DeFi) project linked to the Trump family.