Senate Democrats call for hearings into Trump’s ties to crypto amid CLARITY Act discussions
Five Senate Democratic committee leaders are calling for hearings on the national security risks of President Trump’s crypto holdings while Congress considers digital asset market structure legislation. They cited Trump’s 2025 financial disclosure, which reported about $1.4 billion in crypto-related earnings through ventures including his memecoin and World Liberty Financial, and warned this could create pressure to pass crypto rules favorable to his business interests. They also want to examine possible influence from the United Arab Emirates or other unidentified parties. The push comes as the Senate prepares to vote on the CLARITY Act, which needs some Democratic support because of the 60-vote filibuster threshold. Democrats are increasingly resisting the bill without stronger ethics safeguards, while some Republicans still want it passed. Separately, a bill banning the Federal Reserve from issuing a CBDC until 2030 is set to become law after Trump did not sign or veto it.
