Trump's cryptocurrency income in 2025 exceeds 1.4 billion dollars, U.S. senator proposes banning president and officials from profiting

Odaily News: U.S. Senator Kirsten Gillibrand stated on August 23 that Congress should prohibit the president, the president's spouse, and senior officials from issuing, initiating, or profiting from cryptocurrencies during their term in office, and should include this ethics prohibition in the Digital Asset Market Structure Act. A survey showed that 63% of respondents believe that Trump and his family's profiting from cryptocurrencies is inappropriate. Trump disclosed in his annual filing that cryptocurrency-related income in 2025 exceeded 1.4 billion dollars. The related controversy extends to the Senate Digital Asset Market Clarity Act, which will undergo its first Senate procedural vote on September 15. Kirsten Gillibrand stated that she will not vote in favor of allowing the president to profit from public office with taxpayer support.