[DigitalToday reporter Jinju Hong] U.S. Senator Elizabeth Warren (엘리자베스 워런) demanded that President Donald Trump voluntarily release an updated asset disclosure, including cryptocurrency income for the first half of 2026, by July 23 (local time).

According to blockchain media outlet CoinPost, Warren said in a letter sent to Trump on July 16 that updated financial information is needed ahead of Senate deliberations on cryptocurrency legislation.

The immediate backdrop is the 2025 annual asset disclosure released on June 30 by the U.S. Office of Government Ethics. The filing showed Trump earned at least $1.2 billion from cryptocurrency business in 2025. That is more than double his total income in 2024, and it also showed crypto-related businesses now account for most of his income.

Warren pointed out that an annual disclosure cannot reflect cash flows in recent months. Trump’s deadline to submit his 2026 annual disclosure is May 15, 2027, so he has no immediate obligation to update it. But she argued that separate voluntary disclosure is needed while the Senate is handling related legislation. In the letter, Warren said it is essential for Congress to have as accurate information as possible to review ethical safeguards to prevent federal officials from improperly benefiting from industries they regulate.

The issue is whether there is a conflict of interest. In a July 3 CNBC interview, Trump said of criticism over cryptocurrency businesses involving his family, "There is nothing illegal or wrong." Trump argued that he is not directly involved in running crypto businesses, citing that even if federal conflict-of-interest laws apply to executive branch officials, the president and vice president are exempt under a provision Congress codified in 1989.

But criticism within the Democratic Party has intensified this week. Senator Angela Alsobrooks (앤절라 알소브룩스) stressed that legislation is urgently needed to include ethics provisions applying to the president, vice president and all lawmakers. Senator Cynthia Lummis (신시아 루미스), a Republican who has actively pushed crypto legislation, also separately mentioned the ethics issue. Lummis said, "The Clarity bill includes strong ethics provisions," and she is negotiating in good faith with the White House and Democrats so that no lawmaker from any party can use public office to profit from cryptocurrency.

The issue is spreading beyond a simple demand for asset disclosure, as U.S. cryptocurrency legislation discussions intersect with efforts to tighten ethical standards. If Trump’s latest income structure is further disclosed, safeguards against conflicts of interest are more likely to emerge as a key issue in the ongoing Senate review of legislation. The next focus will be whether the request leads to additional disclosure and what ethical standards are reflected in cryptocurrency-related bills.