Background Information: According to the latest annual financial disclosure, former U.S. President Trump earned over $57.35 million last year through token sales of the crypto project World Liberty Financial (WLFI).

Key Events: Trump disclosed ownership of 1.575 billion World Liberty governance tokens, which may carry voting rights. The project completed its latest public token sale in March this year, raising $550 million. World Liberty has recently focused on promoting its USD-backed stablecoin USD1 and airdropped this stablecoin to WLFI holders. Trump is referred to as the project's "Chief Crypto Advocate" but does not hold any managerial position.

Potential Impact: Trump's support for cryptocurrency coexists with other major corporate investments in his portfolio, but his relationship with World Liberty has raised concerns among Democratic senators over potential conflicts of interest. The project's stablecoin development aligns with the rapid progress of relevant U.S. legislation.

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U.S. President Donald Trump made over $57 million from crypto project World Liberty Financial's token sales last year, according to his latest annual financial disclosure.Trump's Form 278e release, posted on the Office of Government Ethics on Friday, stated that he has an income amount of $57,355,532 from World Liberty's token sales.The disclosure also showed that Trump owns 15.75 billion World Liberty governance tokens, meaning he may assert voting rights in the crypto project. The tokens were valued at between $1,001 and $15,000.The OGE's Form 278e overview states that the disclosure typically covers the preceding calendar year to the filing date, which is 2024 for the latest release.Trump's World Financial-related investments and income were among hundreds the billionaire entrepreneur-turned president has disclosed, along with others including investments in major companies such as Blackstone, Visa, Microsoft and Invesco.Pro-crypto President Trump backs World Liberty as "chief crypto advocate" alongside his three sons, according to the project's whitepaper. However, it also states that Trump and his family members do not hold officer, director, founder, owner or operator roles at World Liberty.In March, the project concluded its most recent public sale of WLFI tokens, so far raising $550 million from selling 25% of the token's supply publicly. WLFI has a supply of 100 billion, with co-founder Zak Folkman saying 63% of the total supply would be sold to the public.World Liberty has recently focused its efforts on promoting its U.S. dollar-backed stablecoin USD1, airdropping USD1 tokens to WLFI holders earlier this month. The project's stablecoin endeavor aligns with Trump's open support for USD stablecoins, for which legislation is fast progressing in the U.S.However, Trump's involvement with World Liberty brought criticism from Democratic senators who raised concerns about potential conflicts of interest.

Trump profited over 57.35 million USD from World Liberty Financial token sales, holding a large amount of governance tokens