The disclosure adds a political risk dimension to pending US crypto legislation, with ethics provisions barring officials from profiting off regulation they oversee now a harder sticking point for Senate negotiators needing 60 votes to advance the bill. Broader sentiment toward Trump-linked tokens could stay weak given roughly two-thirds of memecoin holders and 85% of World Liberty Financial’s WLFI buyers are currently underwater, according to Nansen data. The episode lands against a backdrop of an already volatile crypto market, with Trump’s flagship memecoin down 97% from its peak. Any delay to regulatory clarity from a stalled bill could weigh further on sentiment across the sector.

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Trump earned $1.4bn from crypto ventures last…