A fresh analysis from the Senate Banking Committee’s minority staff has revived Democratic concerns that the CLARITY Act could allow former President Donald Trump to keep profiting from his crypto holdings. Despite efforts to tighten ethics rules, the report highlights loopholes that might let Trump’s crypto ventures continue unhindered.
Examining the Crypto Profits
The analysis, published on July 30, zeroes in on Trump’s reported crypto income for 2025, estimated at roughly $1.4 billion. This includes earnings from World Liberty Financial, the TRUMP memecoin, staking rewards, and other investments. According to the minority staff, the current language in the CLARITY Act fails to block Trump’s business arrangements because it focuses narrowly on digital asset issuers and sponsors, leaving room for indirect profit pathways.
The staff argue that intermediaries, licensing deals, third-party issuers, and family-affiliated entities could funnel proceeds to Trump without naming him as the formal issuer or sponsor. Specifically, they attribute $799 million of the crypto income to World Liberty Financial and $635 million to the TRUMP memecoin. These figures represent the lion’s share of Trump’s crypto revenue streams detailed in the report.
This development complicates the bill’s chance of clearing the Senate, as it amplifies prior objections about ethical loopholes. The minority staff called for the ethics provisions to be overhauled to close these gaps once and for all, warning that the current version leaves too many avenues for continued crypto profits by public officials.
This material is for informational purposes only and does not constitute financial advice.
