Warren seeks to bar Trump crypto profits after $1.4B disclosure

President Trump's 2025 financial disclosure, released June 30, 2026, shows crypto-related income exceeding $1.4 billion. Senator Elizabeth Warren is pushing an amendment to bar the president and his family from profiting from digital assets while in office. The amendment also targets senior officials.

The disclosure breaks into two main streams. Roughly $635 million came from royalties tied to the $TRUMP meme coin and related entities. Nearly $800 million came from World Liberty Financial, the decentralized finance platform co-founded in 2024 by Trump, his sons, and the Witkoff family. Of that WLF figure, about $520 million came from token sales and equity interests.

Warren framed the situation bluntly.

She argued the disclosure shows why sitting officials should not hold financial stakes in an industry they regulate or influence through policy.

This is not Warren's first attempt. Democrats moved a similar amendment in May 2026 that would have restricted officials from profiting in crypto markets. Republicans blocked it. The current push attaches conflict-of-interest language to the broader Senate crypto bill, which covers stablecoin oversight and market structure.

The $TRUMP coin dropped from near $4 to under $2, a decline that wiped out roughly half the investment for retail buyers who entered near the top. WLF has drawn scrutiny from investor advocates and some lawmakers since its launch over governance questions and investor protection concerns.

The Senate Banking Committee is expected to mark up the crypto bill in the coming weeks. No date has been set for a floor vote.