Trump’s Crypto Riches Loom Over Clarity Act Talks to Ban Conflicts for U.S. Officials
2026-07-13 17:51:17
President Donald Trump’s disclosure that crypto increased his wealth by about $1.4 billion is shaping negotiations over the Digital Asset Market Clarity Act’s ethics provision, according to CoinDesk, as Democrats push to restrict senior officials’ industry involvement. Advocates briefed Senate Democrats urged limits that extend to family members, including bans on ownership and disclosure rules. Senator Kirsten Gillibrand cited Trump’s $636 million 2025 income from issuing a memecoin bearing his name and said Democrats want it illegal for presidents to issue or sponsor digital assets.
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