On September 9, Bloomberg reported that Steve Witkoff, U.S. President Trump's envoy and real estate mogul, disclosed in his latest financial report that his holding company is projected to generate approximately $107 million in 2025, a significant increase from $34 million in 2024. This holding company owns stakes in the cryptocurrency project World Liberty Financial, co-founded with Trump, as well as physical assets such as resorts, hotels, and residential properties. The report did not separately disclose the valuation and income from the underlying assets, making it unclear what portion of the earnings specifically comes from WLFI, which is involved in stablecoin and token sales. Critics have pointed out the potential conflict of interest risks associated with Witkoff's involvement in politics while holding business interests in cryptocurrency entities.
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