Trump Media sells another 2,628 BTC, holdings fall to 4,261 BTC
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- Trump Media-linked wallets moved 2,429 BTC and 198.9 BTC to Crypto.com in two transfers, per Arkham wallet data
- These follow a May 22 transfer of 2,650 BTC (~$205M) to Crypto.com, bringing the company's Bitcoin holdings down to 4,261 BTC
- The sales coincide with congressional debate over the CLARITY Act, which has drawn ethics scrutiny over digital asset ownership and conflicts of interest involving President Trump
- Critics have flagged Trump's crypto ventures — Official TRUMP and Melania memecoins, World Liberty Financial's WLFI governance token, and USD1 stablecoin — as examples of political influence intersecting with private crypto interests
- Senator Schumer has proposed a dedicated agency to address corruption, explicitly naming Trump's crypto ventures as a target
- Current CLARITY Act discussions focus on tightening ethics provisions around officials sponsoring digital assets, but the legislation does not require companies to divest existing crypto holdings
Why it matters: The CLARITY Act currently does not force divestment, meaning Trump Media's Bitcoin sales are voluntary — not a regulatory requirement. But with Schumer pushing a separate anti-corruption agency and ethics provisions tightening around officials who sponsor digital assets, Trump-linked crypto ventures are now squarely in the congressional crosshairs, raising the political cost of holding large crypto treasuries.
