Senator Warren proposed to block crypto income for the Trump family - ForkLog

# Senator Warren Proposed Blocking Crypto Income for Trump's Family

Member of the U.S. Senate Banking Committee Elizabeth Warren called for adding to the CLARITY Act a ban on income from the crypto industry for the president, vice president, administration officials, members of Congress and their families

The reason was Donald Trump's annual financial disclosure. The Government Ethics Office published it on June 30.

According to the document, Trump's total income for 2025 amounted to about $2.2 billion. The largest item was revenue from digital assets — over $1.4 billion.

Nearly $800 million in the document is related to the crypto project World Liberty Financial, affiliated with the Trump family. More than $520 million of that amount came from token sales, and another over $250 million from the sale of business stakes.

A separate line in the declaration lists royalties of over $635 million under a license agreement with Celebration Coins through the entity CIC Digital LLC. The document describes the company as tied to NFTs and meme coins.

“The bill on cryptocurrencies that will be brought before the Senate must prevent high-ranking government officials from profiting from the cryptocurrency industry. Otherwise, it will only accelerate Donald Trump’s blatant corruption in the crypto space,” Warren said.

On May 4, the Senate Banking Committee approved the bill by a majority vote — 15 to 9, but debate continues. Meanwhile, the issue of ethical restrictions remains one of the key ones. The date for a vote on the bill on the structure of the cryptocurrency market in the Senate has not yet been set

The White House administration denied any conflict of interest. Press Secretary Anna Kelly stated that neither the president nor members of his family have allowed or intend to allow a conflict of interest. As Trump noted in a conversation with journalists, he does not handle personal finances, and his assets are managed by trusts.

Recall that in April it became known that the mining company American Bitcoin enriched Eric Trump, while retail investors lost about $500 million.