President Donald Trump's newly released financial disclosure, which shows hundreds of millions of dollars in crypto-related income, is adding fresh urgency to bipartisan efforts to write ethics restrictions into a landmark crypto market structure bill.
The 927-page financial document released on Tuesday revealed that Trump's income included millions of dollars tied to World Liberty Financial (WLFI) — a decentralized finance company launched by the Trump family in 2024.
The disclosure arrived as lawmakers negotiate a crypto market-structure bill, called the Clarity Act, that would create the industry's first comprehensive federal regulatory framework.
Negotiators from both parties have spent months discussing ethics provisions that would limit how presidents, vice presidents, members of Congress and other federal officials can profit from digital assets while in office. Democrats renewed those calls Wednesday after Trump's filing became public, while a key Republican negotiator said ethics language remains part of ongoing bipartisan talks.
Sen. Angela Alsobrooks, D-Md., didn't mince words, calling Trump and his family "the most corrupt we’ve ever seen in the White House," adding that an ethics provision is vital.
