Senator Warren increases pressure on Trump over crypto links as lawmakers work on market structure bill
Senator Elizabeth Warren is intensifying her scrutiny of President Trump’s business connections to the digital asset sector, raising new concerns as Congress continues to negotiate a major crypto market structure bill. In a letter sent to the Treasury Department and the Department of Justice, Warren and Senator Jack Reed requested detailed information about reports involving World Liberty Financial Inc, a company linked to the president.
The senators pointed to findings from Accountable dot us, a nonprofit organization that investigates political influence. According to the group, the firm allegedly sold tokens to buyers in North Korea, Russia and other regions associated with illicit activity. In their letter, Warren and Reed said these reports raise serious doubts about whether the company followed proper due diligence procedures. They questioned whether the tokens or related products could be used for sanctions evasion, money laundering or the financing of terrorism.
Warren and several other Democrats have repeatedly argued that the president’s connection to the company represents a major conflict of interest. They say his administration’s efforts to promote policies favorable to the crypto sector could directly benefit his financial interests. This concern has become a central point of tension as lawmakers attempt to finalize legislation that would reshape oversight of digital asset markets.
Normally, strong resistance from a senior member of the Senate Banking Committee could jeopardize the progress of a major regulatory bill. However, Democrats on the committee remain divided on the issue. While Warren continues to warn that the crypto sector carries significant risks, other members have remained open to finding compromise and continue to participate in negotiations on the bill’s language.
Supporters of the market structure bill are still hopeful that the committee will advance the legislation before the end of the year. The path forward remains uncertain because the Senate Agriculture Committee also needs to move its own version, and that draft still contains several unresolved gaps. Crypto industry lobbyists say that recent closed door meetings among senators have been unusually private, which they interpret as a sign that serious discussions are underway.
Many Democratic lawmakers have argued that the president and other top government officials should not be allowed to hold business interests in crypto companies. Republican lawmakers have pushed back against that idea and have excluded such restrictions from their proposals. As negotiations continue, the debate over conflicts of interest and national security risks remains central to the broader conversation about how the United States should regulate digital assets.
