Trump’s $1B Crypto Filing Puts CLARITY Act Vote in Doubt

Trump's $1B crypto disclosure is reshaping the CLARITY Act vote as it nears a tough 60-vote Senate wall. See what the new filing reveals and what happens next.

Written by: Arslan Butt • Wednesday, July 1, 2026 • 2 min read

• Last updated: Wednesday, July 1, 2026

Quick overview

Trump's recent $1B crypto disclosure has created a gridlock in the Senate regarding the CLARITY Act, which aims to regulate digital asset markets.
The disclosure reveals significant assets in various cryptocurrencies, raising ethical concerns about elected officials' involvement in crypto businesses.
The CLARITY Act requires 60 votes to pass, and currently, it faces challenges in garnering enough support from Democrats.
If the bill does not pass this year, it may not be revisited until 2030 due to potential changes in the Senate after the midterms.

Trump’s $1B crypto disclosure is reshaping the CLARITY Act vote as it nears a tough 60-vote Senate wall. See what the new filing reveals and what happens next.

President Trump’s annual financial disclosure for 2025, which was submitted to the Office of Government Ethics on June 29 and certified the following day, has triggered a gridlock in the Senate over the CLARITY Act. This act would establish regulations at the federal level for digital assets markets.

Trump received a 45-day reprieve to file his financial disclosure and he paid penalty fees for the disclosure of transactions that were not previously disclosed.

An ethics official said the disclosure complies with all legal requirements; supporters of this ethics filing say it is all that matters. But legal compliance and ethical conflict-of-interest concerns are different questions.

The documents disclose assets in nearly every category that would be affected by the CLARITY Act:

CIC Digital LLC holds more than $635 million in memecoin licensing royalties in addition to Bitcoin, Ethereum and USDC in cold wallets worth tens of millions
DT Marks DeFi LLC has $236 million from World Liberty Financial’s token sales and a 38.25 percent stake in a Holdco
DTTM Operations LLC owns 15.75 billion WLF governance tokens valued above $50 million

Other entities report about $196 million in stablecoin proceeds and more than $1.8 million in Ethereum staking rewards for other tokens, including LINK, AAVE, ENA, MOVE, and ONDO. This disclosure has rendered an otherwise theoretical ethics debate a very real issue.

Trump's 2025 filing just dropped a bomb: $1.4B in crypto earnings. 💰#Trump banked $500M+ from World Liberty Financial and $635M from $TRUMP meme-coin sales—the most explicit crypto wealth revelation from a sitting U.S. President yet. pic.twitter.com/e9sNMEMVvT

— The Right Trader (@TheRightTrader) July 1, 2026

CLARITY Act Nears a 60-Vote Wall

The bill passed the Senate Banking Committee 15-9 on May 14, drawing support from every Republican as well as Democrats Ruben Gallego of Arizona and Angela Alsobrooks of Maryland. Each of the crossover Democrats cautioned that while the committee approved the bill, there will not be a floor vote until there is an amendment that tackles an ethics provision regarding elected officials’ involvement with crypto businesses.

A proposed amendment from Sen. Chris Van Hollen that would have prohibited the president, vice president, and members of Congress from having any involvement in crypto businesses was voted down 13-11 on partisan lines. To pass on the floor, the bill would require 60 votes, so at least seven more Democrats would need to sign on beyond the two committee supporters.

The Senate is slated to reconvene on July 13 and will recess again in August, a timeline most expect to be the last possible chance for the bill to pass this year.

Two Possible Paths for a 2026 Vote

Prediction markets are becoming increasingly bearish. Polymarket users have the odds for a signing in 2026 at 48%, down from 74% in May. Galaxy Research’s Alex Thorn also trimmed down his estimate from 60% to 50% at the end of June citing a narrower window of time and a stalled back-and-forth.

Lummis has mentioned that, if this window is missed, the bill won’t even make it to a vote until 2030, as the November midterms will likely change the make-up of the Senate entirely.

A potential scenario for a 2026 bill is that Republicans continue to back the bill, it gets floor time before the recess, and an amendment is passed that would address ethical concerns and make it worthwhile for more Democrats to vote yes.

The other scenario is that the amount of disclosure is the main issue and Democrats won’t vote on the bill, which will keep it from receiving enough votes to pass and will delay the CLARITY Act to a new Congress.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.