U.S. Senator Kirsten Gillibrand said on Aug. 23 that Congress should bar the president, the president’s spouse, and senior officials from issuing, launching, or profiting from cryptocurrencies while in office. She said the ethics restriction should be written into digital asset market structure legislation now under debate in the Senate. The push comes after disclosures showing that President Donald Trump reported more than $1.4 billion in crypto-related income in 2025. A survey cited in the report found that 63% of respondents viewed crypto profits earned by Trump and his family as improper. The dispute has also spilled into the Senate’s Digital Asset Market Clarity Act, which is scheduled for its first procedural vote in the chamber on Sept. 15. Gillibrand said she would not support legislation that allows a president to profit from public office with the backing of taxpayers.
Odaily reported that U.S. Senator Kirsten Gillibrand said on Aug. 23 that Congress should prohibit the president, the president’s spouse, and senior officials from issuing, launching, or profiting from cryptocurrencies while in office.
She said the ethics ban should be incorporated into digital asset market structure legislation. A survey found that 63% of respondents considered it improper for Trump and his family to profit from cryptocurrencies. In his annual disclosure, Trump reported more than $1.4 billion in crypto-related income in 2025.
The controversy has extended to the Senate’s Digital Asset Market Clarity Act, which is set for its first procedural vote on Sept. 15. Gillibrand said she would not vote for a bill that lets a president profit from public office with taxpayer support.
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