Trump's Financial Disclosure Intensifies Ethical Controversy Over Crypto Bill, Democrats Demand Inclusion of Restrictive Clauses

According to Odaily, U.S. President Trump's latest publicly available 927-page financial disclosure document reveals that his income includes hundreds of millions of dollars in crypto-related earnings, among them several million dollars in revenue associated with the Trump family's DeFi project, World Liberty Financial, launched in 2024. This disclosure has made the congressional negotiations over the ethical clauses of 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 ethical restrictions to prevent the President, Vice President, members of Congress, and other federal officials from profiting through digital assets while in office.

Following the document's release, Democratic lawmakers have again emphasized that the bill must contain strict ethical clauses. Senator Angela Alsobrooks stated that relevant restrictions should apply to the President, Vice President, and all members of Congress, arguing 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 indicated that both parties are still advancing strict ethical reforms, aiming to prohibit the President, Vice President, and lawmakers from using crypto assets for personal gain. Elizabeth Warren asserted 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 controversies surrounding Trump-related crypto corruption.

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