{"id":75814,"date":"2026-07-23T15:02:44","date_gmt":"2026-07-23T15:02:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/clarity-act-draft-gives-trump-5-ways-to-keep-profiting-from-crypto-democrats-say\/"},"modified":"2026-07-23T15:02:44","modified_gmt":"2026-07-23T15:02:44","slug":"clarity-act-draft-gives-trump-5-ways-to-keep-profiting-from-crypto-democrats-say","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/clarity-act-draft-gives-trump-5-ways-to-keep-profiting-from-crypto-democrats-say\/","title":{"rendered":"CLARITY Act Draft Gives Trump 5 Ways to Keep Profiting From Crypto, Democrats Say"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Democratic staff identified five alleged loopholes involving Trump\u2019s existing crypto businesses, new ventures, memecoin revenue, personal investments, and enforcement.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Republicans say the draft strengthens ethics rules while advancing broader crypto regulation.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The dispute could complicate Senate passage of the CLARITY Act.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Democrats Release Five-Loophole Analysis<\/h2>\n<p>Democratic staff on the Senate Banking, Housing, and Urban Affairs Committee released a <a href=\"https:\/\/www.banking.senate.gov\/imo\/media\/doc\/trump-republican_crypto_ethics_compromise.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">two-page fact sheet<\/a> on July 22 arguing the latest CLARITY Act draft gives Trump five ways to continue profiting from cryptocurrency.<\/p>\n<p>The fact sheet accompanied a <a href=\"https:\/\/www.banking.senate.gov\/newsroom\/minority\/senator-warren-statement-on-new-text-of-the-clarity-act\" target=\"_blank\" rel=\"noopener noreferrer\">statement from Ranking Member Elizabeth Warren<\/a> (D-MA), who said the bill fails to cover Trump\u2019s main crypto income streams. She stated:<\/p>\n<blockquote>\n<p>\u201cThis bill does nothing to prevent him from vacuuming up his next $1.4 billion in crypto profits.\u201d<\/p>\n<\/blockquote>\n<p>The fact sheet identifies five alleged loopholes involving Trump\u2019s existing crypto businesses, new ventures, memecoin revenue, personal investments, and enforcement. It followed <a href=\"https:\/\/news.bitcoin.com\/democrats-reject-clarity-act-draft-as-crypto-ethics-dispute-intensifies\/\">seven Senate Democrats\u2019 rejection of the latest CLARITY Act draft<\/a>, citing weak ethics, consumer protection, illicit finance, and market integrity provisions.<\/p>\n<h2>Existing Businesses, New Ventures, and Memecoin Revenue<\/h2>\n<p>Three alleged loopholes involve Trump\u2019s crypto business income. Democratic staff say the restrictions do not cover income routed through intermediaries and licensing agreements tied to World Liberty Financial, including token sales, stablecoin reserves, and royalties. The analysis says Trump could also benefit from a new venture launched by relatives or an affiliated company without formally issuing or sponsoring the asset.<\/p>\n<p>Democrats also pointed to the $TRUMP memecoin as a key loophole. They alleged the bill would allow an issuer already using Trump\u2019s name, image, or likeness to continue minting or selling digital assets, preserving an existing revenue stream.<\/p>\n<p>The fourth alleged loophole concerns personal investments. The draft would not prevent Trump from holding or trading digital assets while taking official action on crypto legislation, regulation, or policy. Democratic staff argue the conflict remains if presidential decisions affect those holdings\u2019 value.<\/p>\n<h2>Republicans Defend Ethics Rules and Market Protections<\/h2>\n<p>Republicans dispute claims the bill gives Trump a free pass. They say the language would prohibit covered federal officials from issuing or sponsoring digital assets for compensation and authorize penalties, including forfeiture of prohibited profits. Supporters call the ethics provisions the strongest federal restrictions proposed for digital assets.<\/p>\n<p>Beyond presidential ethics, Senate Banking Committee Republicans say the broader bill would replace fragmented oversight with enforceable rules, preserve regulators\u2019 anti-fraud powers, and strengthen protections against manipulation, sanctions evasion, and illicit finance. The committee majority\u2019s case for the CLARITY Act also emphasizes <a href=\"https:\/\/www.banking.senate.gov\/newsroom\/majority\/the-facts-the-clarity-act-protects-main-street-unleashes-responsible-innovation-and-cracks-down-on-fraud-and-money-laundering\" target=\"_blank\" rel=\"noopener noreferrer\">consumer disclosures, national security tools, and clearer rules for U.S. crypto markets<\/a>.<\/p>\n<h2>Enforcement Remains a Key Divide<\/h2>\n<p>The fifth alleged loophole concerns enforcement rather than Trump\u2019s business activities. The minority staff says the Justice Department would have exclusive authority to pursue violations while Trump is president, blocking state attorneys general and private parties from suing. It also argues a sunset provision would prevent a future Justice Department from pursuing violations after Trump leaves office.<\/p>\n<p>The disagreement extends beyond the enforcement provisions. Supporters view the CLARITY Act as a long-awaited framework for investor protection and U.S. crypto innovation, while Democrats say those benefits cannot outweigh unresolved presidential conflicts.<\/p>\n<p>Warren concluded:<\/p>\n<blockquote>\n<p>\u201cThis bill should be dead on arrival.\u201d<\/p>\n<\/blockquote><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/clarity-act-draft-gives-trump-5-ways-to-keep-profiting-from-crypto-democrats-say\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Democratic staff identified five alleged loopholes involving Trump\u2019s existing crypto businesses, new ventures, memecoin revenue, personal investments, and enforcement. Republicans say the draft strengthens ethics rules while advancing broader crypto regulation. The dispute could complicate Senate passage of the CLARITY Act. Democrats Release Five-Loophole Analysis Democratic [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":75815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75814"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75814"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75815"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}