{"id":5159,"date":"2025-10-22T16:16:15","date_gmt":"2025-10-22T16:16:15","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/10\/22\/senate-democrats-probe-for-answers-on-trumps-crypto-dealings\/"},"modified":"2025-10-22T16:16:15","modified_gmt":"2025-10-22T16:16:15","slug":"senate-democrats-probe-for-answers-on-trumps-crypto-dealings","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/10\/22\/senate-democrats-probe-for-answers-on-trumps-crypto-dealings\/","title":{"rendered":"Senate Democrats Probe for Answers on Trump\u2019s Crypto Dealings\u00a0"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Senate Democrats Probe for Answers on Trump\u2019s Crypto Dealings\u00a0<\/a><\/p>\n

<\/div>\n

Senate Democrats called on Steve Witkoff, President Donald Trump\u2019s special envoy to the Middle East, to provide more details about his personal crypto holdings, raising questions about potential conflicts of interest.<\/p>\n

Led by Sen. Adam Schiff (D\u2014Calif.), eight senators requested<\/a> that Witkoff explain why his latest ethics disclosure showed ongoing stakes in a Trump-linked cryptocurrency and other crypto-related business entities.<\/p>\n

\u201cYour failure to divest your ownership in these assets raises serious questions about your compliance with federal ethics laws and, more importantly, ability to serve the American people over your own financial interests,\u201d the senators wrote in the letter.<\/p>\n

Zach Witkoff co-founded World Liberty Financial with members of the Trump family in 2024. Zach Witkoff, Donald Trump Jr., Eric Trump, and Barron Trump are listed as founders.\u00a0<\/p>\n

Steve Witkoff and Donald Trump are listed as \u201cco-founders emeritus\u201d and are not actively involved in the day-to-day operations.<\/p>\n

The firm said in May that Witkoff was in the process of fully divesting from the project.\u00a0<\/p>\n

While he has since sold a $120 million stake in his real estate company, his most recent ethics disclosure, dated Aug. 13, indicates<\/a> that he still holds cryptocurrency for World Liberty Financial<\/a>, as well as shares in WC Digital Fi LLC \u2014 an entity linked to Witkoff and his family\u2014and portions of two other crypto-related businesses, WC Digital SC LLC and SC Financial Technologies LLC.<\/p>\n

Democrats argue that Witkoff\u2019s ongoing crypto business interests could create conflicts of interest, particularly given his diplomatic role in the Middle East and World Liberty Financial\u2019s business ties to the United Arab Emirates (U.A.E.).<\/p>\n

The inquiry comes after a New York Times investigation<\/a> revealed Witkoff\u2019s involvement in a multibillion-dollar AI project between the U.S. and U.A.E. coincided with World Liberty Financial negotiating its own multibillion-dollar deal with an Emirati state venture firm.\u00a0<\/p>\n

In May, the U.S. signed an agreement to build the largest AI campus outside the U.S., while two weeks earlier, World Liberty Financial announced<\/a> a $2 billion investment from U.A.E. state company MGX into crypto exchange Binance was paid in its USD1 stablecoin.<\/p>\n

Fortune <\/em>was the first to report this news.<\/p>\n

Coinbase CEO to discuss crypto in D.C.<\/h2>\n

Coinbase CEO Brian Armstrong is traveling<\/a> to Washington, D.C. today, to meet with Senate Democrats, Republicans, and White House officials to discuss ongoing crypto market structure.\u00a0<\/p>\n

Armstrong said momentum for market structure clarity is \u201cat an all-time high,\u201d noting bipartisan commitment to legislation even amid a government shutdown.\u00a0<\/p>\n

He emphasized the need to work toward getting a bill to President Trump\u2019s desk, highlighting ongoing efforts to provide clarity and oversight for the crypto industry.<\/p>\n

This post Senate Democrats Probe for Answers on Trump\u2019s Crypto Dealings\u00a0<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Senate Democrats Probe for Answers on Trump\u2019s Crypto Dealings\u00a0 Senate Democrats called on Steve Witkoff, President Donald Trump\u2019s special envoy to the Middle East, to provide more details about his personal crypto holdings, raising questions about potential conflicts of interest. Led by Sen. Adam Schiff (D\u2014Calif.), eight senators requested that Witkoff explain why […]<\/p>\n","protected":false},"author":0,"featured_media":5160,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5159","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5159"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5160"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}