{"id":1057,"date":"2026-07-13T10:10:11","date_gmt":"2026-07-13T10:10:11","guid":{"rendered":"https:\/\/modernhomejournals.com\/?p=1057"},"modified":"2026-07-13T10:10:11","modified_gmt":"2026-07-13T10:10:11","slug":"warren-slams-senate-leaders-over-ethics-gaps-in-gop-led-crypto-bill","status":"publish","type":"post","link":"https:\/\/modernhomejournals.com\/?p=1057","title":{"rendered":"Warren Slams Senate Leaders over Ethics Gaps in GOP-Led Crypto Bill"},"content":{"rendered":"
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Sen. Elizabeth Warren is slamming the Senate leaders of both parties for not including ethics restrictions on a cryptocurrency regulation bill after annual financial disclosures revealed that President Donald Trump earned more than $1 billion from the industry<\/u><\/span> in 2025.<\/p>\n

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Warren (D-Massachusetts) sent a letter to Majority Leader John Thune and Minority Leader Chuck Schumer on Monday, pushing both leaders to include ethics guardrails banning senior administration officials and members of Congress from profiting off the cryptocurrency industry in the CLARITY Act, the emerging vehicle to regulate the crypto market.<\/p>\n

Schumer has signaled he wants ethics provisions in the final bill, but it\u2019s unclear where the negotiations over the guardrails stand. Thune has indicated that the CLARITY Act will receive a floor vote this month.<\/p>\n

\u201cThe crypto legislation heading to the Senate floor must prevent the President, Vice President, senior administration officials, members of Congress and their families from profiting off of the crypto industry,\u201d Warren wrote in the letter. \u201cAnything less would be a flagrant giveaway to the President and his family at the expense of the public.\u201d<\/p>\n

Trump and his family own stakes in World Liberty Financial, a decentralized finance platform and stablecoin issuer that is expected to receive a federal banking charter soon. The first family has been building a broader crypto empire and has earned at least $2.3 billion<\/u><\/span> across four ventures.<\/p>\n

\u201cCrypto now accounts for the vast majority of the President\u2019s income,\u201d Warren wrote. \u201cThis new disclosure is particularly troubling as the President urges Congress to pass cryptocurrency deregulation legislation that will almost certainly boost the value of his crypto holdings.\u201d<\/p>\n

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Warren\u2019s letter is the latest example ofa widening split among Democrats<\/u><\/span>over how best to regulate the emerging industry amid an influx of spending by cryptocurrency groups in elections across the country. Sens. Angela Alsobrooks (D-Maryland) and Ruben Gallego (D-Arizona) voted to advance the bill out of committee, though both have said they will not support a final version that doesn\u2019t contain ethics restrictions.<\/p>\n

\u201cWe are in a digital revolution in our country and we absolutely need regulation and guardrails to ensure that the people who are engaging do so in a way that is safe, and that the United States continues to innovate,\u201d Alsobrooks told NOTUS in June.<\/p>\n

In her letter, Warren said \u201csignificant flaws in the current draft\u201d have highlighted wider concerns about risks to national security and consumer protection \u2014 matters that are \u201ceven more pressing\u201d following Trump\u2019s 2025 financial disclosure, she wrote.<\/p>\n

It\u2019s unclear how the bill could progress without a measure addressing the president\u2019s holdings: The Republican-led legislation requires some bipartisan support to reach 60 votes. A July vote would follow a series of delays mainly concerning the bill\u2019s lack of an ethics provision and a different measure that would protect software developers from criminal prosecution if their software is used illegally.<\/p>\n

An amendment introduced by Sen. Chris Van Hollen (D-Maryland) would have banned members of Congress and high-ranking government officials including the president, vice president and their families from owning, promoting or affiliating with cryptocurrency companies \u2014 but the effort failed in committee in May.<\/p>\n

Read more \u2018The Patr\u00f3n\u2019: How Henry Cuellar and His Family Control Webb County, Texas<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Sen. Elizabeth Warren, citing Trump\u2019s crypto windfall, urged Schumer and Thune to include ethics provisions.<\/p>\n","protected":false},"author":1,"featured_media":1056,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-congress"],"yoast_head":"\nWarren Slams Senate Leaders over Ethics Gaps in GOP-Led Crypto Bill - Modern Home Journals<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/modernhomejournals.com\/?p=1057\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Warren Slams Senate Leaders over Ethics Gaps in GOP-Led Crypto Bill - Modern Home Journals\" \/>\n<meta property=\"og:description\" content=\"Sen. 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