Trump's Crypto Bonanza Blocks Digital Asset Bill

President Trump's $1.4 billion windfall from his memecoin has become a major obstacle to passing his Clarity Act, a sweeping digital-asset legislation.

The bill aims to bring clarity and regulation to the industry, but Democrats are demanding tougher language to prevent the president and his family from profiting off an industry they regulate.

Senate Republicans released a proposal this week in an attempt to break the months-long impasse over the bill. However, Democrats and consumer watchdog groups dismissed the terms, arguing that the bill would not stop Trump or his family from continuing to profit from their crypto ventures.