Abu Dhabi · Donald Trump · CLARITY Act · White House · CoinDesk
Last week, U.S. President Donald Trump filed his annual disclosure for 2025, revealing that he made $2 billion last year
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Some $1.4 billion or so of that came from the crypto industry, spread across royalty payments from his memecoin company, token sales from World Liberty Financial and sales to an Abu Dhabi sheikh's firm, among other income streams.
Key facts
- Last week, U.S. President Donald Trump filed his annual disclosure for 2025, revealing that he made $2 billion last year
- Some $1.4 billion or so of that came from the crypto industry, spread across royalty payments from his memecoin company, token sales from World Liberty Financial and sales to an Abu Dhabi sheikh's
- So obviously, the Clarity Act was not signed into law on July 4 as White House adviser Patrick Witt said in May he hoped would happen
- The president also disclosed holding north of $100 million in various cryptos, and a few smaller stakes in firms like Corewave
Summary
Welcome to another update on the Clarity Act. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. So obviously, the Clarity Act was not signed into law on July 4 as White House adviser Patrick Witt said in May he hoped would happen. If the Clarity Act doesn't pass through Congress before the midterm election, it's anyone's guess as to what'll happen after the election. No one is willing to say the bill is dead yet.