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Senator Elizabeth Warren calls for a ban on cryptocurrency income for the Trump family and top government officials
 
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Donald Trump's recently published financial statements for 2025, prepared by the Office of Government Ethics, served as the basis for Senator Elizabeth Warren's next policy statement. According to these data, the former president's total income amounted to approximately $2.2 billion. A significant portion of this amount, over $1.4 billion, was derived from digital asset transactions. Among these, a major project, World Liberty Financial, linked to the Trump family, is prominent, having generated nearly $800 million (more than $520 million from the sale of tokens and over $250 million from the sale of stakes in companies). Additionally, over $635 million in royalties from Celebration Coins, a company operating in the NFT and meme coin space through CIC Digital LLC, inspired Elizabeth Warren, a member of the Senate Banking Committee, to propose amendments to the CLARITY Act. Warren's initiative aims to explicitly prohibit the president, vice president, administration officials, members of Congress, and their relatives from receiving any income from the cryptocurrency industry. The senator believes that without such a restriction, the law could facilitate "outright corruption" in the digital asset industry, which, in her view, is directly linked to Donald Trump's activities. She insists that government officials should not profit from poorly regulated and speculative markets.

The bill has already successfully passed its first reading in the Senate Banking Committee by a vote of 15-9, but final debate is ongoing. The issue of ethical restrictions for officials remains a subject of active debate, and a date for a full-scale vote on the cryptocurrency market has not yet been set, leaving room for further discussion.

The White House has already commented on Warren's statement, completely rejecting any suggestion of a conflict of interest. Press Secretary Anna Kelly stated that the president and his family have not engaged in, and do not plan to engage in, any actions that could be perceived as abuse of office. Donald Trump himself noted that his financial assets are placed in independent trusts and managed by professionals, which, in his view, precludes allegations of corruption.

Nevertheless, Warren's proposal raises an important question about the appropriate level of high-level participation in risky and emerging segments of the financial market.

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