# Could New Crypto Legislation Threaten Trump’s Profits? Proposed changes to the Clarity Act spark debate over crypto ethics rules. - **Source:** [Forbes - Business](https://brifing.si/source/e0310925-a7af-4d4b-80a7-c80d400e49fa) - **Published:** 2026-07-22 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/670d01d8-0fb0-4750-a536-1ca246fdeac0 ## New Amendment to the Clarity Act New language in the U.S. Clarity Act bill would ban public officials from issuing or sponsoring cryptocurrencies until 2029. This change could particularly impact Trump's crypto ventures. ## Ethics Rules and Restrictions The bill prohibits public officials and their families from issuing 'digital assets' during their term. Politicians must also place existing crypto assets in a blind trust or divest them. ## Trump's Crypto Earnings Donald Trump reportedly earned $1.4 billion from crypto ventures last year. The new law could disrupt this revenue stream and limit his future crypto activities. ## Democrats' Objections Democrats oppose giving enforcement authority to the Justice Department. Maryland Senator Angela Alsobrooks suggests empowering state attorneys general instead. ## Legislative Timeline The Senate has limited time to vote on the Clarity Act before the August recess. Without Democratic support, the bill is unlikely to secure the 60 votes needed. ## Future of Crypto Regulations This amendment could set a significant precedent for ethical standards in the crypto industry. However, political disputes leave its passage uncertain. ## Sources covering this story - https://www.forbes.com/sites/zacharyfolk/2026/07/22/could-new-crypto-legislation-threaten-trumps-profits-what-to-know-about-proposed-clarity-act-change/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._