Trump and his Crypto Token ($TRUMP)
President Trump’s issuance and endorsement of his own Cryptocurrency ($TRUMP) days before his second inauguration have sparked debate on both sides of the aisle regarding the ethical validity of his coin’s launch. According to CNN, Trump has made more than 1 billion dollars from the token to date; and this raised concerns that led to the latest drafting of a bill called the U.S. Clarity Bill.
The new draft of the U.S. Clarity Bill prohibits sitting presidents—until 2029—from issuing cryptocurrency. Additionally, it asks for more transparency from U.S. government officials regarding their own cryptocurrency trades, gains, and usage. The new draft is an attempt to curb U.S. presidents from profiting using their platform.
The Sunset Clause & Exclusion of Immediate Family
The problem, according to multiple sources, lies in the draft’s expiration date. The non-issuance clause ends on January 20, 2029, the day when Trump leaves office. Thus, to have the same effectiveness in the following terms, the draft needs a continuity clause that extends beyond 2029. Critics cite the end date of the “sunset clause” (the period in which the bill ends) was explicitly chosen by Trump, not Congress
Democrats also expressed their strong opinions against the new draft of the Clarity Bill, citing weak points such as the continued permittance of immediate family members of presidents (such as Trump’s children) to issue and endorse new tokens. As of the time of writing, Donald Trump, Jr. and Eric Trump are involved in World Liberty Financial—a decentralized finance protocol. The Trump family owns 60 percent of World Liberty Financial and earn 75 percent of all revenue from coin sales. As of 2026, the company netted Trump more than 500 million dollars; and under existing laws, as well as the current draft, this ownership (and profiting) operates within the confines of legality. There are no proposed amendments that aim to fix this ethical issue.
The new draft, or its final version, will pass after approval from both Congress and the Senate—where it will finally await Trump’s signature.
