Top Democrats bash Trump over cryptocurrency income
The senators said the disclosures raise national-security and ethics concerns as Trump’s family crypto venture drew foreign investment and more than $1 billion in income.
- On Friday, five top Senate Democrats called for hearings into President Donald Trump's cryptocurrency holdings, citing over $1 billion in crypto-related income and potential national security risks involving the United Arab Emirates.
- Scrutiny focuses on World Liberty Financial, a Trump family crypto venture that sold a 49 percent stake to an Emirati royal group linked to the UAE's national security adviser before Trump's inauguration last year.
- Senator Elizabeth Warren blasted a Commerce Department rule easing export controls for the United Arab Emirates, calling it "corrupt" because MGX, a UAE-backed firm, used a Trump-linked stablecoin for its $2 billion Binance investment.
- Senate Democrats demanded Commerce Secretary Howard Lutnick and BIS Under Secretary Jeffrey Kessler testify before Congress to explain whether UAE-linked investments influenced U.S. policy decisions on advanced chips and arms sales.
- This push follows a February House inquiry by Representative Ro Khanna into UAE investments and chip export restrictions, while lawmakers simultaneously prepare to debate broader digital asset legislation establishing industry regulatory frameworks.
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12 Articles
Top Senate Democrats call for probes into Trump crypto earnings
WASHINGTON — A group of high-ranking Senate Democrats Friday called on their Republican counterparts to investigate whether President Donald Trump’s crypto ventures pose national security risks. The post Top Senate Democrats call for probes into Trump crypto earnings appeared first on West Hawaii Today.
Senate Democrats Call for Hearings into Trump’s Ties to Crypto Amid CLARITY Act Discussions
Five Democratic senators have called for committee hearings “to investigate the national security implications of President Trump’s cryptocurrency holdings” as the chamber considers digital asset market structure legislation. In a Friday notice, the Democratic ranking members of five US Senate committees and subcommittees asked lawmakers to address President Donald Trump’s 2025 financial disclosure, in which he reported earning about $1.4 billio…
Top Democrats bash Trump over cryptocurrency income
Top Senate Democrats slammed President Trump on Friday over the more than $1 billion in cryptocurrency-related income he reported last year, calling for investigations into the national security ramifications of the president’s digital asset holdings. The administration released Trump’s financial disclosures last week, showing he made about $594 million from World Liberty Financial, the crypto…
Newsweek
Cryptocurrency News | Cryptocurrency Prices | Market CapDemocrats play the Trump family game too?
Senator Kirsten Gillibrand's son raised $30 million for a crypto startup, sparking scrutiny over family ties and political ethics.
Top Democrats Slam Trump Over Crypto Ahead of Vote
“The top Democrats on five Senate committees are rebuking President Donald Trump for making $1.3 billion off of cryptocurrency as lawmakers prepare to take up a long-awaited digital assets bill,” Semafor reports.
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