Warren Targets Trump's Crypto Profits Amid $1.4 Billion Disclosure

U.S. Senator Elizabeth Warren has proposed legislation to curb President Donald Trump's profits from cryptocurrency ventures after his disclosure of $1.4 billion in earnings last year. According to Trump's annual financial disclosure, filed with the U.S. Office of Government Ethics, this amount is significantly higher than his earnings from traditional business interests such as real estate and golf resorts.

Warren argued that no president should be able to use public office to enrich themselves through loosely regulated financial markets, citing an unprecedented conflict of interest. The proposed legislation aims to restrict or prohibit a sitting president from holding or profiting from cryptocurrency businesses, though specific details have not yet been released.

The senator's office emphasized that the measure is intended to close ethical loopholes in existing federal conflict-of-interest laws, which were written before the rise of digital currencies. Warren has previously introduced bills targeting crypto money laundering and consumer protection.