Senator Kirsten Gillibrand is pressing for rules that would prevent elected officials and senior government figures from profiting from crypto ventures as President Donald Trump reports more than $635 million in memecoin royalties.

Trump disclosed the income through an entity linked to his official memecoin, alongside more than $500 million in proceeds connected to World Liberty Financial. The crypto earnings formed a major part of the president’s income during 2025.

Gillibrand has said comprehensive crypto market structure legislation will not secure enough Democratic support unless it includes an ethics provision covering the president, vice president, members of Congress and senior administration officials.

Speaking at Consensus Miami in May, Gillibrand said public officials should not be allowed to become wealthy from industries they oversee because of their insider status. She described the issue as a major obstacle facing the CLARITY Act in the Senate.

Existing proposals would restrict officials and their immediate families from issuing, endorsing or sponsoring crypto assets including memecoins and stablecoins. Senate Democrats introduced the End Crypto Corruption Act in 2025 with similar restrictions.

The dispute has become one of the main unresolved issues surrounding the CLARITY Act. Republicans need Democratic support to reach the 60 votes required for passage in the Senate, giving lawmakers including Gillibrand leverage to demand stronger ethics protections.

The White House has rejected allegations of conflicts of interest and said Trump and his family have complied with applicable rules.