$107M Windfall for US Envoy's Crypto Holdings Sparks Conflict Concerns
US Special Envoy for Peace Steve Witkoff has seen his wealth increase significantly in 2025, earning $107 million from a holding company that owns his stake in World Liberty Financial LLC, a joint crypto project with the Trump family.
The holding company's income marks a substantial jump compared to last year, when it generated $34 million. However, the official report does not provide a detailed breakdown of how much of the amount comes directly from World Liberty Financial LLC, which operates the USD1 stablecoin and the WLFI token.
The increase in Witkoff's wealth has raised concerns about potential conflicts of interest, as he plays a key diplomatic role in the Trump administration. Regulators have been critical of Witkoff's involvement in the crypto project, particularly given its significant international investments from the Middle East.