Bitcoin (CRYPTO:BTCUSD) traded near $58,563.50, down 2.66 percent on the day, as fresh scrutiny over President Donald Trump's crypto holdings collided with a Supreme Court ruling that reshapes how independent regulators oversee digital assets. The dual news flow landed in a market already reeling from a steep pullback off its October peak.
At a Glance
- Bitcoin trades near $58,563.50, off 2.66 percent on the day
- Price sits more than 50 percent below its October record high
- Trump disclosed over $1 billion in 2025 crypto income tied to a meme coin and World Liberty Financial
- Supreme Court ruling in Trump v. Slaughter expands presidential power over agencies like the SEC and CFTC
- Trump separately reported more than $100 million in Bitcoin and Ethereum holdings
| Price | 58563.5 |
|---|---|
| Day change | -1599.23 (-2.66%) |
| Volume | 16,171 |
A Billion Dollar Disclosure Meets a Bear Market
A 927 page federal financial disclosure released by the Office of Government Ethics showed Trump's crypto related income for 2025 topped $1.2 billion. Most of that came from CIC Digital, the entity behind his meme coin, which pulled in roughly $636 million in royalties after launching just three days before his January inauguration. World Liberty Financial, the family linked decentralized finance venture, added about $515 million from token sales plus another $65 million tied to equity in its holding company.
On top of those business streams, Trump reported more than $100 million in direct Bitcoin and Ethereum holdings, a stake that puts him on both sides of a market he now has more power to influence.
Court Ruling Widens the President's Reach Over Regulators
The disclosure came one day after the Supreme Court decided Trump v. Slaughter, a 6 to 3 ruling that lets presidents remove commissioners at independent agencies without cause. The decision overturned Humphrey's Executor, a 91 year old precedent that had insulated agencies including the SEC and CFTC, the two bodies most responsible for crypto oversight, from direct White House control.
Trump celebrated the outcome on Truth Social, writing that the ruling gives