星球日报|7月 01, 2026 23:01
[Trump's Financial Disclosure Intensifies Crypto Bill Ethics Debate, Democrats Demand Inclusion of Restrictive Clauses]
Odaily Planet Daily News – The latest 927-page financial disclosure document released by U.S. President Trump reveals that his income includes hundreds of millions of dollars in crypto-related earnings, including millions tied to the Trump family's 2024 DeFi project, World Liberty Financial. This disclosure has heightened the urgency of congressional negotiations over the ethical provisions of the Clarity Act, a crypto market structure bill.
Currently, bipartisan lawmakers are negotiating the Clarity Act, which aims to establish the first comprehensive federal regulatory framework for cryptocurrencies in the United States. One 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 from digital assets while in office.
Following the release of the documents, Democratic lawmakers reiterated that the bill must include strict ethical provisions. Senator Angela Alsobrooks stated that such restrictions should apply to the president, vice president, and all members of Congress, emphasizing that ordinary Americans should benefit from digital assets in a fair and honest manner, rather than allowing politicians to profit through corruption and systemic loopholes.
Senator Kirsten Gillibrand also noted that bipartisan efforts are advancing strict ethical reforms aimed at prohibiting the president, vice president, and members of Congress from leveraging crypto assets for personal gain. Elizabeth Warren remarked that if the Clarity Act fails to prevent the president, members of Congress, and their families from profiting from the crypto industry, the bill will further fuel controversies surrounding Trump's crypto-related corruption.
Republicans, on the other hand, stated that ethical provisions remain part of the bipartisan negotiations. As the July window for advancing the Clarity Act approaches, the disclosure of the Trump family's crypto earnings could become a critical variable influencing the final text of the bill and Democratic support.
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