Editor’s Note: This story has been updated to include a comment from a White House spokesperson.
Sen. Elizabeth Warren (D-Mass.) pushed for stronger legislation to bar President Donald Trump and his family from profiting off cryptocurrency, after new disclosures on Tuesday revealed income in excess of $1 billion in 2025.
Warren Demands Improved Crypto Bill
Warren said that the cryptocurrency legislation, i.e., the Clarity Act, eligible for a full floor vote in the Senate, must have provisions to stop Trump and his family from making money from cryptocurrency ventures.
The crypto legislation heading to the Senate floor must stop the President and his family from continuing to profit off crypto. https://t.co/qjEN6iT8GB
— Elizabeth Warren (@SenWarren) July 1, 2026
Steve Rattner, a well-known Wall Street financier, weighed in on the financial benefits of the “Trump family’s White House self-dealing.”
It's not just the Lutnick sons cashing in on the Trump family's White House self-dealing.
— Steve Rattner (@SteveRattner) June 30, 2026
World Liberty Financial — the crypto venture Don Jr. & Eric launched with Steve Witkoff's sons, Zach & Alex — has netted a fortune for both families (at least $1.1 billion). pic.twitter.com/YIE8D52UXv
‘Not A Good Look’
Lawrence Lepard, an investment manager and Austrian economist, said that the disclosure didn’t give a “good look” and could spark political backlash against cryptocurrency if Democrats regain power.
This coin has lost 80% of its value. Better than Trump Coin and Melania coin which are down 99% from their peaks. The price we paid for having a crypto friendly President was high. Not a good look and has bad implications if Blue Team regains power. https://t.co/4Ubz7wXMQg
— Lawrence Lepard, "fix the money, fix the world" (@LawrenceLepard) June 30, 2026
Former Trump White House lawyer Ty Cobb was sharply critical of Trump’s cryptocurrency fortune, deeming it as “greatest onslaught of corruption in the history of mankind.”
Former Trump White House lawyer Ty Cobb on Trump earning over $1 billion last year from crypto ventures: "We are seeing the greatest onslaught of corruption in the history of mankind." pic.twitter.com/VglINGioNc
— Erin Burnett OutFront (@OutFrontCNN) July 1, 2026
Trump Made A Bomb With Crypto
According to financial disclosure released on Tuesday, Trump’s cryptocurrency ventures netted him roughly $1.2 billion in 2025, the very first year of his presidency.
The windfall included over $520 million from the sale of tokens issued by World Liberty Financial and more than $635 million in royalties collected from the Official Trump (CRYPTO: TRUMP) memecoin.
The filing also disclosed $1.8 million in validator rewards generated from staking Ethereum (CRYPTO: ETH). Additionally, the filing lists Bitcoin (CRYPTO: BTC) holdings of over $50 million in a cold wallet.
A White House spokesperson told Benzinga that all actions by the Trump administration are taken in the “best interest of the American people,” while rejecting any suggestions of “conflict of interest” for the president or his family. The spokesperson accused the media of ‘recycling’ a tired narrative that Democrats have ‘pushed’ for a decade.
Read Also: A Trump Crypto Effect? Republicans Are More Likely To Use Crypto, Survey Shows
Photo courtesy: Sheila Fitzgerald on Shutterstock.com
