Witkoff Earns $107M from Trump-Affiliated Crypto Venture Amid Conflict Concerns
Steve Witkoff, a U.S. special envoy, earned nearly $107 million last year from a holding company affiliated with World Liberty Financial, a cryptocurrency firm he co-founded with President Donald Trump and members of their respective families.
The financial disclosures were obtained by a government watchdog and reveal that Witkoff was at one point listed as a 'co-founder emeritus' on World Liberty's website, a title he shared with President Trump.
Witkoff's son, Zach Witkoff, operates the firm along with Trump's three sons. Critics have raised concerns about the potential conflict of interest presented by their private enterprise, which recently secured preliminary approval from the Trump administration to operate as a bank.
In May 2025, World Liberty wrote on X that Witkoff was in the process of divesting himself from the firm and 'has no operational role, no financial interest in WLFI deals, and no influence on day-to-day decisions.'