Trump’s financial disclosure puts $1B crypto payday at center of CLARITY Act vote
Trump’s 2025 financial disclosure, filed June 29 and certified June 30, has become a flashpoint as the CLARITY Act stalls over crypto ethics rules. The filing shows Trump and related entities hold major exposure across nearly every category Congress is trying to regulate: memecoins, NFTs, Bitcoin, Ethereum, stablecoins, staking, DeFi tokens, and governance tokens. Reported figures include about $635 million in TRUMP memecoin royalty income, $236 million from World Liberty Financial token-sale proceeds, $196 million from stablecoin-related proceeds, and 15.75 billion WLF governance tokens. Ethics officials said the disclosure complied with applicable rules, but compliance and conflict concerns are separate. Supporters argue this proves the disclosure system works; critics say the scale of the holdings makes ethics reform unavoidable. CLARITY cleared Senate Banking 15-9, but it still needs 60 votes and faces an unresolved ethics provision before the August recess.
