Steve Witkoff, President Donald Trump’s special envoy for Ukraine and the Middle East, reported $107 million in 2025 income from the holding company that owned his stake in World Liberty Financial, the Trump family crypto venture he helped launch. Bloomberg first reported the figure on Tuesday from a recent financial disclosure.
The disclosure reportedly does not include the value or income of the underlying assets inside Witkoff’s holding companies. That means it does not show how much of the $107 million came from World Liberty Financial LLC, which issues the USD1 stablecoin and sold the WLFI token.
Income from the same entity was $34 million in 2024. ABC News reported on Wednesday that the filings were obtained by a government watchdog.
The filing lands in the middle of a Senate fight
The number arrived as lawmakers continue to battle over the Digital Asset Market Clarity Act. Senate Democrats have refused to advance the market structure bill without a conflict-of-interest provision covering the president and his family.
Republican senators said this week that the bill fails next Tuesday if the White House does not move on that language.
World Liberty and the White House response
World Liberty said on X in May 2025 that Witkoff was divesting and had no operational role, no financial interest in its deals, and no influence on daily decisions.
White House spokesperson Anna Kelly reportedly told ABC News on Wednesday that Witkoff has now fully divested and that his prior commercial activities are unrelated to his current work aimed at ending conflicts.
Trump’s own disclosures tied to the venture
Trump reported $526 million from World Liberty token sales in disclosures filed over the summer. He also reported another $65 million from selling equity in the venture’s holding company.
Witkoff and Trump were both listed as co-founders emeritus on World Liberty’s website. The company is run by Zach Witkoff and Trump’s three sons.
Democrats have scrutinized the arrangement for a year
Senate Democrats have been focusing on the arrangement for the past year. They first called for a probe into UAE chip export decisions that coincided with a $2 billion Emirati investment in World Liberty. They later demanded hearings on Sheikh Tahnoon bin Zayed Al Nahyan’s purchase of a 49% stake.
World Liberty also recently secured preliminary approval from the administration to operate as a bank.