Update (July 17, 23:59 UTC): This article has been updated to reflect the White House response.
Senator Elizabeth Warren, one of the more outspoken voices in the US Congress linking digital assets to illegal activity, called on President Donald Trump to reveal more information about his cryptocurrency investments before the deadline.
In Thursday’s letter, Warren required Trump will voluntarily release a financial disclosure report on his cryptocurrency earnings between January 1 and July 15. The request came after Trump’s 2025 financial disclosures showed he made $1.4 billion from cryptocurrency ventures in 2025, including through his memecoin “Official Trump (TRUMP)” and his family’s company World Liberty Financial.
“Financial disclosure raises key questions about the appropriateness of presidents, vice presidents, senior officials, members of Congress and their families profiting from the cryptocurrency industry as the U.S. Senate debates cryptocurrency market structure legislation that could potentially increase the value of your cryptocurrency holdings,” Warren said.
Thursday’s letter from Elizabeth Warren demanding financial disclosures from Donald Trump. Source: Senate Banking Committee
Trump’s 2025 disclosure was filed on June 30 as part of the U.S. Office of Government Ethics’ mandate to prevent conflicts of interest with elected officials. Warren noted that the president was not required to file his 2026 annual report by May 2027, but asked that he do so voluntarily by July 23 while the Senate is considering a cryptocurrency market structure bill, the Digital Asset Market Clarity (CLARITY) Act.
Warren added:
“[W]without appropriate handrails, [CLARITY] “would precipitate significant conflicts of interest for the president and would almost certainly raise the value of his and his family’s crypto holdings.”
Related: US charges crypto investor over alleged $20 million fraud
Cointelegraph reached out to Warren’s office for comment but did not receive an immediate response. In a July 2 interview, Trump said there was “nothing illegal” and “nothing wrong” with profiting from his cryptocurrency investments as president. White House spokeswoman Anna Kelly also told Cointelegraph that “all of the president’s assets are held in fully discretionary accounts managed by independent third-party financial institutions” and “there is no conflict of interest.”
According to Senate Majority Leader John Thune, the chamber will hold a vote on the cryptocurrency bill before the Senate adjourns for the August work periods. But many Democrats have said publicly they won’t support any legislation without clear ethics provisions, with some citing Trump’s potential conflict of interest.
House Republicans hold a CLARITY hearing while the Senate debates the bill
On Friday, the House Financial Services Committee Subcommittee on Digital Assets, Financial Technologies and Artificial Intelligence held New York field hearing on the CLARITY Act. While the bill has already passed the House of Representatives in July 2025, it will return to the chamber if approved by a 60-vote majority in the Senate.
Rep. French Hill, who chairs the full committee and was present Friday, said CLARITY is a “bipartisan priority” for Congress. However, no Democratic representatives appeared to be present at the hearing. Cointelegraph reached out to Democratic lawmakers on the committee for comment but did not immediately receive a response.
Warehouse: The Crypto CLARITY Act faces a partisan ethics fight in the Senate
