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.

President Donald Trump earned $57.7 million from token sales by the crypto firm he and his sons helped launch last year, according to his required federal financial disclosure forms.

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.