Steve Witkoff, President Donald Trump's special envoy for peace missions, reported earning $107 million in 2025 from a holding company that owned his share of World Liberty Financial, a cryptocurrency venture he co-founded with the Trump family. This income represents a more than threefold increase from the $34 million reported in 2024 from the same entity, all while Witkoff served in a senior diplomatic role addressing conflicts in Ukraine and the Middle East.
The disclosure, a Form 278e submitted to the U.S. Office of Government Ethics (OGE) and initially reported by Bloomberg, bundles income from World Liberty Financial with other real estate holdings. This aggregation prevents a clear breakdown of how much of the $107 million specifically originated from the crypto venture, which includes the USD1 stablecoin and WLFI governance token, versus other assets like resorts, golf courses, hotels, and residential real estate. Ethics advocates have raised concerns about potential conflicts of interest, as Witkoff’s diplomatic brief involves regions directly impacted by his financial interests.
World Liberty Financial, launched in 2024 by members of the Trump and Witkoff families, has drawn significant scrutiny due to its ties to a senior U.S. official and its operations in the rapidly evolving crypto market. The company’s USD1 stablecoin circulation reached over $4 billion by August 2026. Despite White House statements that Witkoff has sold his stake and does not participate in government matters affecting his financial interests, the current disclosure still reports income from the holding company that owned that stake. Previous Forbes estimates indicated the Witkoffs received approximately $130 million from WLFI token sales and $48 million after tax from selling about half of their World Liberty stake to Aryam Investment, backed by Emirati royal Sheikh Tahnoon bin Zayed Al Nahyan.
The complexity of these financial arrangements, including profit-sharing agreements and the bundling of assets within a holding company, has made it difficult to ascertain the exact cryptocurrency-related income. The OGE has yet to finalize its approval of the filing, and without an itemized breakdown, directly attributing the entire $107 million to crypto profits remains an overstatement of the available information. Lawmakers continue to scrutinize the interplay between Witkoff’s public service and his significant financial interests in a sector subject to intense regulatory debate.
President Trump's own 2025 OGE filing, released in June 2026, reported over $1.4 billion in cryptocurrency-related income, including nearly $800 million from World Liberty and an additional $635 million from the $TRUMP memecoin, highlighting the broader context of high-value crypto holdings among administration officials.
