Steve Witkoff, President Donald Trump's special envoy and a central player in negotiations about the wars in Ukraine and the Middle East, booked $107 million in 2025 via a parent entity that held his portion of the crypto venture he launched with Trump. His disclosure put his total assets at no less than $408.7 million, with amounts reported in wide ranges rather than exact numbers. Ethics officials have not yet cleared the filing, which was among dozens the White House made public this month. Witkoff received a 75-day extension to submit his report.
Because the disclosure omits the value and income of the holding company's underlying assets, it does not specify how much, if any, of the $107 million was from World Liberty Financial LLC. In his prior filing, covering the period before he entered government, the same holding company produced $34 million in 2024. That entity also holds resorts, golf and hotel management operations, and residential real estate.
World Liberty, created before Trump's second election, is primarily recognized for its USD1 stablecoin. It also operates a lending-and-borrowing platform and issued another token, WLFI, a large portion of which went to early investors who remain restricted from selling. The company tried to float a token tied to a planned Trump hotel in the Maldives, but that project is currently on hold.
Promotional material described Trump and Witkoff as co-founders emeritus and said their involvement ended when they took office. The founders include Trump's sons, Witkoff's sons, and additional business partners. Trump stated that his 2025 haul from the venture exceeded $594 million.
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Critics have argued that Witkoff's ownership stakes risked conflicts of interest, pointing to Abu Dhabi's MGX using World Liberty's stablecoins to finance a $2 billion investment in Binance.
In May, David Warrington - the White House counsel up until this month - told Bloomberg News that Witkoff had shed his stake in World Liberty Financial and abstains from any government business that might impact his finances. Separately, an affiliate of World Liberty won preliminary sign-off from a federal regulator not long ago for a national trust bank charter.
Two big numbers stand out: Witkoff's $107 million from his holding company and Trump's more than $594 million from the venture. What is less clear is how much of Witkoff's total came from World Liberty itself, given the way officials report ranges and bundle assets. For anyone tracking the intersection of politics and digital assets, the takeaway is simple: crypto keeps threading into mainstream money flows, and the disclosures show how large those flows have become even when the line items are hard to parse.
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