Trump made billions from crypto and torpedoed the biggest crypto bill ever

What was supposed to be the crypto sector’s biggest political victory ever ended in a spectacular failure. And the man who championed the sector for years? He now turns out to be the very reason everything went off the rails: Donald Trump.

Memecoin

For years, the crypto world fought for the Clarity Act, a bill that would give millions of investors and hundreds of companies greater freedom and significantly ease oversight of crypto. With support from the Republican Party and the US president himself, victory seemed within reach. But then came the revelations about Trump’s huge crypto empire.

From the $TRUMP memecoin to the stablecoin USD1 (World Liberty Financial) and various other crypto projects, according to several reports the Trump family had earned billions from its crypto activities. Financial documents even suggested that in 2025 alone Trump brought in more than $1.4 billion in crypto-related income.

Those figures caused a political earthquake in Washington.

Handbrake

Democratic senators who had initially been willing to support the bill suddenly slammed on the brakes. Their fear? That passage of the Clarity Act would be seen as directly enriching the president and his family. Attempts to add extra ethical safeguards to the bill failed to dispel those doubts.

As if that were not enough, the banking lobby also turned against the proposal. Traditional banks fear that savers will move their money en masse into stablecoins in search of higher yields. The result was an unusual coalition of opponents that ultimately provided enough resistance to torpedo the bill.

Senate

Earlier this month the final curtain fell: the Clarity Act failed to secure the required 60 votes in the Senate.

For the crypto sector, this is a heavy blow. What was long seen as the key to a golden future for digital assets now lies in ruins. And ironically, crypto’s biggest ally appears to have become the very person who cost the sector its most important victory.