Democrats Call for Senate Hearings on Trump's Massive Crypto Profits
Five Senate Democrats are urging hearings on President Trump’s crypto holdings after disclosures showed he earned more than $1.2 billion from crypto-related ventures last year. The senators—Warren, Blumenthal, Peters, Durbin, and Wyden—cited possible conflicts of interest, foreign influence, and Trump’s role in shaping crypto policy while profiting from the industry. They highlighted stakes in World Liberty Financial, including reported ownership by unknown third parties and a 49% stake purchased by UAE royals. The call comes as the Trump administration pushes the Clarity Act, a major bill to legalize much U.S. crypto activity, but the measure remains stalled over ethics concerns about Trump’s ability to issue and endorse digital assets while in office. Trump’s disclosures also showed large gains from a meme coin, token sales, and holdings in Bitcoin and Ethereum.
