Senator Elizabeth Warren is again calling for strict ethics rules in the proposed CLARITY Act, saying President Donald Trump’s growing crypto business interests raise serious conflict-of-interest concerns.
In a letter to Senate leaders, Warren said the bill should stop the President, Vice President, members of Congress, top officials, and their families from making money from the crypto industry while shaping digital asset policy. She raised these concerns as the Senate gets ready to debate the bill before the August break.
Without strong ethics guardrails, the Clarity Act will make it even easier for Donald Trump to continue to profit off his crypto ventures. https://t.co/NEg5FHJ5eA
— Elizabeth Warren (@SenWarren) July 13, 2026
Warren based her arguments on President Trump’s 2025 financial disclosure, which she says shows roughly $1.4 billion in crypto-related income during the year.
Her letter says the Trump family has major interests in several crypto businesses, including World Liberty Financial and other digital asset companies. Warren argues that passing crypto laws without stronger ethics rules could directly help elected officials who have money in the sector.
Source: banking.senate.gov
She also raised concerns about investments with foreign partners and said Congress should make sure public officials cannot pass laws that would raise the value of their own crypto holdings.
The debate over ethics has become a major hurdle for the CLARITY Act. Democrats say the bill needs clear conflict-of-interest rules before it can get support from both parties, while Republicans argue that any ethics rules should apply to all public officials, not just certain people.
The White House has consistently rejected allegations of wrongdoing, maintaining that the President’s financial disclosures comply with legal requirements and that no conflicts of interest have been established.
Supporters of the CLARITY Act say the bill aims to give the crypto industry clear rules, improve consumer protection, and help the U.S. stay competitive in digital asset innovation. They believe the bill should be judged on its policies, not on political arguments about individual officials.
Senate leaders want to vote on the bill before the August break, but talks about ethics rules will be key. Whether lawmakers can agree may decide the future of one of the most important crypto regulatory bills now in Congress.
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