Trump Financial Disclosure Intensifies Crypto Bill Ethics Debate, Democrats Demand Inclusion of Restrictive Clauses

According to Odaily, U.S. President Trump's latest publicly released 927-page financial disclosure document reveals that his income includes hundreds of millions of dollars in crypto-related earnings. This includes several million dollars from the DeFi project World Liberty Financial, launched by the Trump family in 2024. This disclosure has made the ethics clause negotiations in Congress surrounding the crypto market structure bill, the Clarity Act, more urgent.

Currently, bipartisan lawmakers are negotiating the Clarity Act, which aims to establish the first comprehensive federal crypto regulatory framework in the United States. A key focus of the negotiations is whether to include ethics restrictions preventing the President, Vice President, members of Congress, and other federal officials from profiting from digital assets while in office.

Following the release of the document, Democratic lawmakers have reiterated that the bill must include strict ethics clauses. Senator Angela Alsobrooks stated that relevant restrictions should apply to the President, Vice President, and all members of Congress, adding that ordinary Americans should benefit from digital assets in a fair and honest manner, rather than allowing political figures to profit through corruption and institutional loopholes.

Senator Kirsten Gillibrand also noted that both parties are still advancing strict ethics reforms, proposing to prohibit the President, Vice President, and lawmakers from using crypto assets for personal gain. Elizabeth Warren argued that if the Clarity Act fails to prevent the President, members of Congress, and their families from profiting from the crypto industry, the bill would further fuel Trump-related crypto corruption controversies.

On the Republican side, representatives stated that ethics clauses remain part of the bipartisan negotiations. As the window for advancing the Clarity Act approaches in July, the disclosure of the Trump family's crypto income could become a key variable influencing the final text of the bill and the level of Democratic support.