Senator Elizabeth Warren has requested President Donald Trump voluntarily provide an updated financial disclosure of his cryptocurrency earnings by July 23, citing potential conflicts of interest. This request follows Trump's 2025 financial disclosures, which revealed earnings of up to $1.4 billion from crypto-related ventures.
In a letter, Warren highlighted concerns that pending cryptocurrency market structure legislation, such as the Digital Asset Market Clarity (CLARITY) Act, could increase the value of the President's and his family's digital asset holdings without adequate ethical safeguards. The CLARITY Act is slated for a vote in the Senate before the chamber's August recess.
Trump has stated that his crypto investments are legal and that there is "nothing wrong" with profiting from them while in office. The Senate is expected to vote on the CLARITY Act, which has passed the House of Representatives, before the upcoming break. However, some Democrats have indicated they will not support the bill without stronger ethics provisions.
The House Financial Services Committee's Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a hearing on the CLARITY Act.