Donald Trump’s crypto gains flow into stocks and bonds amid Senate ethics talks

President Donald Trump’s 2025 financial disclosures reveal that his family’s cryptocurrency ventures – including World Liberty Financial and a Trump‑branded meme coin – generated more than $1.4 billion in income. A Reuters analysis shows that the proceeds were largely redirected into traditional assets, with his portfolio of stocks and bonds expanding at least fourfold to a range of $703 million‑$2.6 billion by the end of 2025, up from $225 million‑$608 million at the close of 2024.

Trump still holds roughly 15.75 billion World Liberty governance tokens valued at over $50 million, and his entities retained at least $160 million in Bitcoin and Ether. Digital‑asset experts say the filings indicate a personal strategy of “making a quick buck from crypto … and then investing his profits in traditional assets like stocks and bonds,” according to Timothy Massad, former CFTC chair.

The disclosures have intensified debate over the Senate’s Digital Asset Market Clarity Act. Democratic senators, including Chris Murphy and Kirsten Gillibrand, are pushing for stricter ethics provisions that would limit cryptocurrency involvement by senior officials and their families, with Gillibrand proposing a ban on presidents and members of Congress issuing digital assets. Senate Majority Leader John Thune plans a vote on the bill before the summer recess, while Republicans argue the ethics language remains unresolved.

Retail investors in the Trump‑linked crypto projects have suffered billions in losses, prompting criticism that the president’s personal financial actions conflict with his public advocacy for digital assets and could influence forthcoming regulation.