Trump's 2025 Crypto Income Exceeds $1.4 Billion, U.S. Senator Proposes Banning Presidents and Officials from Profiting

Odaily News: U.S. Senator Kirsten Gillibrand stated on August 23 that Congress should prohibit the President, the President's spouse, and senior officials from issuing, sponsoring, or profiting from cryptocurrencies during their tenure, and should incorporate this ethics prohibition into the digital asset market structure bill. Surveys show that 63% of respondents believe it is improper for Trump and his family to profit through cryptocurrencies. Trump disclosed in his annual filing that his crypto-related income in 2025 exceeded $1.4 billion. The related controversy extends to the Senate's Digital Asset Market Clarity Act, which will undergo its first Senate procedural vote on September 15. Kirsten Gillibrand stated that she will not vote to allow the President to profit from public office with taxpayer support.