U.S. Senator Elizabeth Warren, a member of the Senate Banking Committee, called for the inclusion of a ban on crypto earnings for the president, vice president, administration officials, members of Congress, and their families in the CLARITY Act.
This initiative was prompted by Donald Trump's annual financial disclosure, released by the Office of Government Ethics on June 30.
The document reveals that Trump's total income for 2025 was approximately $2.2 billion, with digital asset earnings accounting for over $1.4 billion.
Nearly $800 million of this amount is linked to the crypto project World Liberty Financial, associated with the Trump family. More than $520 million came from token sales, while over $250 million was generated from business stake sales.
Additionally, the disclosure lists royalties exceeding $635 million from a licensing agreement with Celebration Coins through the entity CIC Digital LLC, described in the document as related to NFTs and meme coins.
“The cryptocurrency bill that will be presented to the Senate must prevent high-ranking officials from profiting from the crypto industry. Otherwise, it will only accelerate Donald Trump's blatant corruption in the cryptocurrency space,” Warren stated.
On May 4, the Senate Banking Committee approved the bill by a vote of 15 to 9, but discussions are ongoing. The issue of ethical restrictions remains a key topic. A date for the Senate vote on the cryptocurrency market structure bill has yet to be set.
The White House administration has denied any conflict of interest. Press Secretary Anna Kelly stated that neither the president nor his family have engaged in or intend to engage in any conflict of interest. As Trump noted in a conversation with reporters, he does not manage his personal finances, as his assets are overseen by trusts.
It is worth mentioning that in April, it was reported that the mining company American Bitcoin enriched Eric Trump, while retail investors lost around $500 million.