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▲ Donald Trump, Official Trump (TRUMP), MELANIA, Trump Memecoin/AI generated image
A controversy over conflicts of interest is intensifying in the U.S. Congress after it was revealed that U.S. President Donald Trump earned approximately $1.2 billion from cryptocurrency ventures in 2025.
According to crypto media outlet Benzinga on July 7 (local time), U.S. Senator Elizabeth Warren strongly criticized the Trump family's cryptocurrency business. Warren stated, "Any cryptocurrency bill that fails to prevent Donald Trump and his family from continuing to profit from cryptocurrency is a betrayal of the American people."
Warren has opposed the U.S. cryptocurrency market structure bill, pointing out the conflict of interest issues raised by the Trump family's crypto business. When the bill passed a vote in the U.S. Senate Banking Committee last May, she warned, "I hope everyone remembers when it explodes along with the economy." The bill is currently on the Senate legislative calendar.
Warren's remarks came after Trump disclosed that he earned approximately $1.2 billion from cryptocurrency ventures in 2025, his first year in presidential office. Anthony Scaramucci, founder of SkyBridge Capital, said that this profit could be identified as a key factor hindering the bill's passage in the Senate.
Trump countered that his cryptocurrency earnings were "neither illegal nor wrong." He further claimed that the U.S. risks falling behind China if it fails to lead the cryptocurrency market. A White House spokesperson also denied claims of a conflict of interest, stating that all actions by the Trump administration are "in the best interest of the American people."
The issue of the Trump family's cryptocurrency profits has emerged as a central point of contention in the Senate debate surrounding the U.S. cryptocurrency market structure bill. Warren criticizes the lack of conflict-of-interest prevention measures, while Trump and the White House deny both illegality and conflict-of-interest claims.
[Article Key Summary]
-Trump disclosed that he earned approximately $1.2 billion from cryptocurrency ventures in 2025, his first year in presidential office.
-Warren criticized that any bill failing to prevent the Trump family's cryptocurrency profits is a betrayal of the American people.
-Trump and the White House denied both the illegality and conflict-of-interest claims regarding cryptocurrency profits.
*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*
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