Trump's cryptocurrency revenue disclosure sparks ethical controversy, Senator urges legislation to ban elected officials from issuing meme coins

TRUMP-0.05%
WLFI1.94%
MELANIA2.08%

President Trump's latest financial disclosure document shows that his income from cryptocurrency-related businesses in 2025 exceeded $1.4 billion, with the $TRUMP meme coin alone generating approximately $636 million, making it one of Trump's largest sources of income. Democratic Senator Kirsten Gillibrand immediately called for legislation to prohibit the president, members of Congress, and other elected officials and their spouses from issuing or sponsoring any digital assets (including meme coins).

Trump 2025 Financial Disclosure: $TRUMP Meme Coin Alone Approximately $636 Million

According to the financial disclosure document, Trump's crypto-related income in 2025 exceeded $1.4 billion, with the main sources as follows:

$TRUMP Meme Coin: Approximately $636 million (largest single source of income)

World Liberty Financial Token Sales: Part of the token issuance revenue

Bitcoin Investment: Specific amount not listed separately

Trump stated that he has not been continuously tracking crypto-related income, is unaware of exactly how much revenue the meme coin generated, and said that related criticism has been overly amplified. He noted that if he holds shares of a company and the stock price rises, he does not calculate the increase in his assets every day.

Gillibrand Calls for Legislation to Ban Elected Officials and Spouses from Issuing Meme Coins, Seeks Inclusion in Crypto Regulation Bill

According to reports, Democratic Senator Kirsten Gillibrand, following the release of Trump's financial disclosure, once again urged Congress to push for legislation to prohibit the president, members of Congress, and other elected officials and their spouses from issuing or sponsoring any digital assets (including meme coins). Gillibrand stated that if public officials simultaneously operate their own cryptocurrency projects, it could undermine market trust in the regulatory system, so she hopes to incorporate relevant ethical norms into the crypto bill currently under discussion.

She also pointed out that the United States is actively advancing cryptocurrency regulatory legislation to establish more comprehensive consumer protection and market standards.

Republicans and Some Lawmakers: Ethics Provisions Should Be Legislated Separately to Avoid Slowing Down the Overall Crypto Regulation Bill

According to reports, Republicans and some lawmakers hold differing views on whether ethics provisions regarding elected officials issuing crypto assets should be included in the overall crypto regulation bill; some lawmakers believe that related issues should be addressed through separate legislation to avoid affecting the progress of broader bills concerning market structure and regulatory reform.

The Senate is currently continuing to discuss multiple cryptocurrency-related bills, and the timeline for bringing the ethics provisions to a full floor vote remains uncertain.

Melania Reports Approximately $6 Million in NFT and Digital Collectibles Income, Sparking Controversy

According to reports, First Lady Melania Trump previously launched the $MELANIA meme coin and declared approximately $6 million in NFT and digital collectibles income in the latest financial disclosure. Multiple lawmakers believe that existing ethical norms are no longer sufficient to address the new business model of political figures participating in the crypto asset market, and the cases involving the Trump family have further strengthened the necessity of legislative reform.

Frequently Asked Questions

How much crypto income did Trump earn in 2025?

According to Trump's latest financial disclosure document, crypto-related income in 2025 exceeded $1.4 billion, of which the $TRUMP meme coin alone brought in approximately $636 million, in addition to World Liberty Financial token sales and Bitcoin investments.

What exactly is the content of the legislation Gillibrand is calling for?

According to reports, Democratic Senator Gillibrand is calling for legislation to prohibit the president, members of Congress, and other elected officials and their spouses from issuing or sponsoring any digital assets (including meme coins), and hopes to incorporate relevant ethical norms into the crypto regulation bill currently under discussion.

Will this ethics provision be included in the current crypto legislation?

According to reports, Republicans and some lawmakers believe that the ethics provision should be legislated separately to avoid affecting the progress of the overall crypto regulation bill; the timeline for a full floor vote remains uncertain.

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