Trump's $1.4 Billion Profit, a 'Stumbling Block' for US Cryptocurrency Bill Vote?

▲ Bitcoin (BTC), Stablecoin, Cryptocurrency Regulation/AI Generated Image

The US cryptocurrency market structure bill is facing a crisis of being shipwrecked due to the Trump risk and opposition from the banking sector.

According to investment specialized media MarketWatch on July 29 (local time), the US Senate is increasingly likely to fail to process the bill before entering a five-week recess. The probability of passage before the recess was estimated at 33%. There were also predictions that if it goes past August, the probability of passage could drop below 20%.

Donald Trump's cryptocurrency business has emerged as the biggest obstacle. Trump disclosed that he earned $1.4 billion from his cryptocurrency business in 2025. Democrats are demanding strong ethics clauses to block the issue of a sitting president and their family profiting from a regulated industry.

The banking sector is also opposing provisions related to stablecoins. They argue that if cryptocurrency companies offer interest-bearing rewards to stablecoin users, bank deposits could flow out. The banking industry warned that a decrease in deposits could weaken the funding base for home mortgages and loans to small businesses and agriculture.

The bill passed the House of Representatives smoothly, but cooperation from Democrats is needed in the Senate. With political schedules ahead of the midterm elections and concerns about a federal government shutdown, the processing deadline has become tight. If an agreement fails before the Senate recess, the likelihood of passage within the year is expected to decrease further.

Expectations for the bill's advancement contributed to Bitcoin (BTC) surpassing $80,000 in May for the first time in six months. At that time, the Senate Banking Committee's progress on the bill increased hopes for resolving regulatory uncertainty. As the plenary session's processing was delayed, the legislative momentum weakened again.

[Key Article Summary]

-The likelihood of the US cryptocurrency market structure bill passing before the recess has dropped to 33%.

-The ethics controversy surrounding Trump's $1.4 billion cryptocurrency profits has emerged as a key issue.

-The banking sector opposes stablecoin interest-bearing rewards, stating they threaten deposits and the local lending base.

*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.*