The reactions followed a 927-page disclosure released on Tuesday by the US Office of Government Ethics showing that Trump earned more than $2.2bn last year in total, from real estate, golf resorts, branded merchandise, licensing deals and court settlements.

But the crypto figures stood out: World Liberty Financial, a joint venture between the Trump family and that of Trump’s Middle East envoy, Steve Witkoff, brought in more than $500m from sales of “governance tokens”, while CIC Digital LLC took in more than $600m from Trump-branded meme coins, launched days before his second inauguration.