Warren Seeks Trump Crypto Update as Senate Eyes CLARITY Act

U.S. Senator Elizabeth Warren is pressing President Donald Trump for updated cryptocurrency earnings disclosures as the Senate considers the CLARITY Act – digital asset market structure legislation she says could boost the value of his family's holdings and deepen financial conflict concerns.

Warren, the ranking Democrat on the Senate Banking Committee, sent a letter July 16 asking Trump to voluntarily release a comprehensive financial disclosure covering his crypto income through July 15. Her request landed while senators negotiate whether to include ethics restrictions for elected officials in the bill.

“Your financial disclosure raises key questions about the appropriateness of Presidents, Vice Presidents, senior administration officials, members of Congress, and their families profiting off the crypto industry, just as the U.S. Senate debates crypto market structure legislation that has the potential to increase the value of your crypto holdings,” Warren wrote.

The Office of Government Ethics released Trump's annual financial report for 2025 on June 30. It showed roughly $1.4 billion in crypto-related income, more than double his 2024 total. Cryptocurrency ventures represented the vast majority of his disclosed earnings.

The filing lays out the web of entities connecting the Trump family to digital asset businesses. Family members hold a 30% stake in DT Marks Defi LLC, whose assets include Coinbase accounts valued above $100 million and a 38.25% interest in WLF Holdco LLC – the entity that owns World Liberty Financial, the Trump-backed crypto platform. DT Marks Defi took in more than $590 million in income last year. The Trump family also holds an indirect interest in Stablecoin Holdco LLC, described as a stablecoin business.

Trump defended the earnings publicly July 2. “There's nothing illegal, there's nothing wrong with it,” he said. He said his involvement in crypto predated his second term and that large institutions manage his investments. “I was there before I was in office,” Trump added.

The Senate is weighing the Digital Asset Market Clarity Act, which passed the House last year. The bill needs 60 votes to overcome a filibuster, meaning Democratic support is necessary. Negotiations have hit snags over proposed ethics restrictions that would block presidents and other elected officials from personally profiting off digital assets while shaping their regulation. The scope and wording of that provision remains the biggest obstacle to a bipartisan deal before the August recess.

The current disclosure stops at Dec. 31, 2025. Any transactions, income changes or ownership shifts in the first half of 2026 are not captured. Trump is not required to file his next annual report until May 15, 2027. Warren's request depends on a voluntary release.

“It is essential that Congress have access to the most accurate information possible while debating this legislation and considering ethics safeguards,” she wrote.

An updated disclosure covering the six months through July 15 would narrow the information gap. Without it, lawmakers must evaluate potential ethics rules using figures that exclude recent financial activity.

The push for greater transparency comes amid broader regulatory scrutiny of stablecoins and crypto market structure. Visa and BlackRock's stablecoin initiative has drawn attention to the sector's ties to traditional payments and asset management.

The White House did not immediately respond to Warren's letter. A Senate aide familiar with the CLARITY Act negotiations said the ethics language remains fluid and no floor vote has been scheduled.