Senator Elizabeth Warren has called on President Donald Trump to release an updated financial disclosure detailing his cryptocurrency earnings as Congress debates the CLARITY Act. In a letter to the president, Warren argued that lawmakers need current financial information to properly evaluate potential ethics concerns tied to the proposed crypto legislation.
The request follows President Trump's 2025 annual public financial disclosure, which indicated he earned as much as $1.4 billion from cryptocurrency-related ventures. According to Warren, the figure is more than double his reported 2024 income and exceeds the annual earnings of any publicly traded crypto company. She claimed the report suggests digital assets now make up the majority of the president's income and highlights the Trump family's growing financial interests in the crypto industry.
Warren warned that passing the CLARITY Act without stronger ethics safeguards could deepen potential conflicts of interest. She argued that the legislation, if approved in its current form, could significantly benefit the president and his family's crypto holdings while raising questions about government ethics and transparency.
The senator is requesting that President Trump voluntarily submit an updated and comprehensive financial disclosure covering activity through July 15 and release it publicly by July 23. She noted that the current filing does not reflect recent financial developments and therefore provides Congress with an incomplete picture as it considers the crypto bill.
Under existing rules, President Trump is not required to submit his next annual financial disclosure to the Office of Government Ethics until May 15, 2027. However, Warren maintains that an earlier disclosure is necessary to improve transparency while lawmakers finalize the latest version of the CLARITY Act, which is expected to be released by the Senate next week.
The debate comes as negotiations over the crypto legislation continue, with Democratic lawmakers pushing for additional ethics provisions. Those efforts have reportedly reduced expectations that the CLARITY Act will secure passage this year.
Comment 0