{"id":76292,"date":"2026-08-03T02:16:14","date_gmt":"2026-08-03T02:16:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/clarity-act-faces-new-senate-threat-over-trump-crypto-gains\/"},"modified":"2026-08-03T02:16:14","modified_gmt":"2026-08-03T02:16:14","slug":"clarity-act-faces-new-senate-threat-over-trump-crypto-gains","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/clarity-act-faces-new-senate-threat-over-trump-crypto-gains\/","title":{"rendered":"CLARITY Act Faces New Senate Threat Over Trump Crypto Gains"},"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\">New analysis renews Democratic objections to the CLARITY Act over Trump\u2019s crypto ventures.<\/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\">Trump reported approximately $1.4 billion in 2025 crypto income.<\/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 renewed dispute could complicate the bill\u2019s Senate passage.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>New Senate Analysis Examines Trump\u2019s Crypto Businesses<\/h2>\n<p>Minority staff for the Senate Banking, Housing, and Urban Affairs Committee announced a new analysis on July 30, <a href=\"https:\/\/www.banking.senate.gov\/newsroom\/minority\/new-banking-minority-staff-analysis-confirms-clarity-act-would-do-nothing-to-prevent-trump-from-making-his-next-14-billion-in-crypto-profits\" target=\"_blank\" rel=\"noopener noreferrer\">renewing Democratic objections before a potential Senate vote<\/a>. Staff members contend that restrictions covering officials who issue or sponsor digital assets would preserve Trump\u2019s existing business arrangements and enable similarly structured ventures.<\/p>\n<p>The new analysis examines Trump\u2019s reported crypto revenue streams individually, including World Liberty Financial, the TRUMP memecoin, cryptocurrency investments, staking income, and other ventures. It concludes that each would remain permissible under the current ethics language, arguing that the revised ethics provision would leave those financial arrangements largely unaffected.<\/p>\n<p>The Senate Banking Committee minority staff declared after reviewing the revised legislative language:<\/p>\n<blockquote>\n<p>\u201cAny updated ethics provision must close these massive loopholes.\u201d<\/p>\n<\/blockquote>\n<p>The new review expands the committee minority\u2019s previous criticism, which identified<a href=\"https:\/\/news.bitcoin.com\/clarity-act-draft-gives-trump-5-ways-to-keep-profiting-from-crypto-democrats-say\/\"> five alleged loopholes that would allow Trump to continue profiting from crypto<\/a> under the CLARITY Act. It maintains that intermediaries, licensing agreements, third-party issuers, and family-affiliated entities could direct proceeds toward Trump without making him the formal issuer or sponsor.<\/p>\n<p>Staff members calculated approximately $799 million from World Liberty Financial and $635 million from the TRUMP memecoin, accounting for nearly all the crypto income identified in their analysis. Their <a href=\"https:\/\/www.banking.senate.gov\/imo\/media\/doc\/clarityactethicssummary.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">CLARITY Act ethics summary<\/a> divides World Liberty revenue among governance-token proceeds, stablecoin income, equity sales, and crypto assets held through related entities.<\/p>\n<h2>Disclosure Shows Memecoin Royalties and Token-Sale Proceeds<\/h2>\n<p><a href=\"https:\/\/extapps2.oge.gov\/201\/Presiden.nsf\/PAS%2BIndex\/69AEAA9D7455ACD585258E27002DDEE1\/%24FILE\/Donald-J-Trump-2026-278ANNUAL.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Trump\u2019s annual financial disclosure<\/a> lists $635.1 million in royalties from a Celebration Coins licensing agreement connected with CIC Digital LLC. The filing also reports bitcoin and ether wallets valued above $50 million each, alongside validator rewards earned through Coinbase staking agreements.<\/p>\n<p>World Liberty-related entries include hundreds of millions of dollars distributed from token sales, $65.6 million from an equity sale, and additional wallet-linked proceeds. Together with memecoin royalties and direct cryptocurrency holdings, those entries produced the approximately <a href=\"https:\/\/news.bitcoin.com\/trump-2025-crypto-earnings-disclosure\/\">$1.4 billion in Trump\u2019s 2025 crypto income<\/a> calculated by Senate minority staff.<\/p>\n<p>Minority staff argues that qualified blind trusts would preserve the financial value of directly held interests while separating formal management responsibilities. Its analysis of the <a href=\"https:\/\/www.banking.senate.gov\/imo\/media\/doc\/trump-republican_crypto_ethics_compromise.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">proposed crypto ethics compromise<\/a> also points to continued name, image, or likeness use, investments in digital assets, and official policymaking authority as separate channels for financial exposure.<\/p>\n<h2>Revised Bill Text Defines Restrictions and Exceptions<\/h2>\n<p>The <a href=\"https:\/\/www.lummis.senate.gov\/wp-content\/uploads\/Clarity-Act.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Senate CLARITY Act draft<\/a> would prohibit covered officials and their spouses from issuing or sponsoring digital assets for compensation during specified periods. It also creates provisions for qualified blind trusts, unauthorized third-party activity, continued use of an official\u2019s likeness, and ownership of digital assets as investments.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/democrats-reject-clarity-act-draft-as-crypto-ethics-dispute-intensifies\/\">Seven Democratic senators previously sought stronger provisions<\/a> covering elected-official ethics, consumer protection, illicit finance, conflicts of interest, and market integrity. The July 30 analysis renews those earlier objections by arguing that the revised language leaves major financial arrangements untouched following Democrats\u2019 rejection of the CLARITY Act draft.<\/p>\n<p>Enforcement remains another central division, with minority staff objecting to exclusive federal authority and a provision ending enforcement after the covered official leaves office. Supporters maintain that federal enforcement follows existing ethics-law structures, while Democrats seek additional mechanisms for addressing presidential crypto conflicts and enforcement concerns.<\/p>\n<p>The White House\u2019s reported <a href=\"https:\/\/news.bitcoin.com\/white-house-clarity-act-ethics-deal-trump\/\">approval of a CLARITY Act ethics package<\/a> revived the legislation after negotiations stalled over presidential conflicts and enforcement provisions. The new minority staff findings intensify that unresolved dispute, leaving senators to determine whether its restrictions can secure the cross-party support required for final passage.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/clarity-act-faces-new-senate-threat-over-trump-crypto-gains\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways New analysis renews Democratic objections to the CLARITY Act over Trump\u2019s crypto ventures. Trump reported approximately $1.4 billion in 2025 crypto income. The renewed dispute could complicate the bill\u2019s Senate passage. New Senate Analysis Examines Trump\u2019s Crypto Businesses Minority staff for the Senate Banking, Housing, and [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":76293,"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\/76292"}],"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=76292"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76293"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}