U.S. President Donald Trump disclosed $57.7 million in income from cryptocurrency token sales linked to a firm he and his sons co-founded, according to federal financial disclosure documents cited by multiple news outlets.

President Trump earned around $57 million from his stake in a family-backed cryptocurrency firm last year, according to a new financial disclosure form, showing the early returns on a burgeoning digital-asset empire.

Donald Trump has disclosed almost $60mn in income from one of his cryptocurrency ventures, highlighting how the US president has benefited from his embrace of the digital asset industry.