Senator Elizabeth Warren is pressing to add ethics language to the Senate’s crypto market structure bill that would stop President Donald Trump and his family from profiting off digital assets, a demand that gained fresh urgency after a government filing revealed the family cleared more than $1.4 billion from crypto last year.
The financial disclosure, released July 1 by the U.S. Office of Government Ethics, put a hard number on Trump’s crypto income for 2025: roughly $635 million in royalties tied to his memecoin business and more than $500 million from token sales at World Liberty Financial, the venture he co-founded with his sons.
Warren, the ranking member of the Senate Banking Committee, wants those conflicts addressed before the Clarity Act reaches the Senate floor. The bill “must prevent the president, vice president, senior administration officials, members of Congress, and their families from profiting off the crypto industry,” Warren said in a statement.
The Clarity Act would move regulatory authority over digital assets from the SEC to the CFTC and set rules for DeFi and stablecoins. It cleared the Banking Committee in a 15-9 vote, but the conflict-of-interest question has trailed it into final negotiations, and the ethics language sits partly outside the committee’s jurisdiction.
Even Democrats who backed the bill are keeping up the pressure. Senator Ruben Gallego of Arizona, one of two Democrats who voted to advance the bill in committee, wrote in a post on X: “Donald Trump is making billions off the presidency while raising costs for the working people he promised to help.”
Republicans, meanwhile, want the measure finished. Banking Chairman Tim Scott is pushing for a floor vote this month, where the bill would need at least seven Democrats to overcome a filibuster. “I would hope the Senate can complete their work before the August recess,” Representative French Hill of Arkansas said in remarks to reporters.
Unchained has tracked the market structure push as lawmakers race to get it to the floor this summer. The latest disclosure, which also detailed Trump family earnings across other tokens and collectibles, hands Warren fresh ammunition just as the bill heads for a floor vote.
Related Listen: The Chopping Block: Crypto Clarity Act Drama + Stablecoin Yield Wars + Developer Liability Fights
The post Warren Pushes to Bar Trump Family From Crypto Profits After $1.4 Billion Disclosure appeared first on Unchained.
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