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Senate Debates Crypto Bill Limiting Officials; Trump Earned $1.4 B

7/29/2026

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Story summary
  • Senate debates the Clarity Act, a crypto bill that bars officials, including President Donald Trump, and spouses from issuing digital assets, with enforcement to the attorney general.
  • Trump’s June disclosure shows he earned about $1.4 billion in crypto-related income in 2025.
  • Democratic senators Angela Alsobrooks and Cory Booker say the provision is too weak and demand rules.
  • A vote before the August 8 recess is unlikely, with odds of 33-37%.