President Donald Trump disclosed that his crypto holdings have grown to about $1.4 billion, a figure that Democrats say raises conflict‑of‑interest concerns for officials participating in the Digital Asset Market Clarity Act. The Senate is expected to release a revised draft of the Clarity Act within days, as the chamber has limited time to act before the summer recess. Democratic senators, led by Senator Chris Murphy, have argued that the ethics provisions of the bill should be expanded to cover senior officials and their families, including bans on ownership and stricter disclosure requirements. Senator Kirsten Gillibrand said that Trump earned $636 million in 2025 from a memecoin bearing his name and that legislation should prohibit presidents from issuing or sponsoring digital assets. Senate Democrats have stated that the Clarity Act cannot achieve the 60‑vote threshold required for passage unless the ethics language is revised. President Trump has indicated that enacting the Clarity Act is a personal priority, and after the death of Senator Lindsey Graham he posted that the bill should be passed in his honor, though Graham was not directly involved in the negotiations. Senator Cynthia Lummis, a Republican who chairs the Senate Banking Committee’s digital assets subcommittee, has expressed support for moving the bill forward. White House crypto advisor Patrick Witt noted on social media that the current week is critical for the Clarity Act, marking the one‑year anniversary of the stablecoin regulatory legislation. The Senate must resolve the ethics language and other outstanding issues before a floor vote, and it remains unclear how Trump’s financial interests will affect the final shape of the bill.