The ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, together with ranking members of four other Senate committees, issued a statement calling for congressional hearings into the national security implications of President Donald Trump’s cryptocurrency holdings. The lawmakers cited new financial disclosures that they said show Trump family crypto ventures generated about USD 1.4 billion in income in the first year of his second term and that unidentified third parties hold a stake in the Trump family’s World Liberty Financial. The statement linked those disclosures to concerns about potential foreign influence and conflicts of interest. It pointed to reports that the United Arab Emirates purchased a 49% stake in World Liberty Financial and said the disclosures raise questions about the president’s push for crypto legislation, the administration’s moves to exempt cryptocurrencies and service providers from existing financial services regulations, and steps to weaken enforcement, including disbanding the Department of Justice’s National Cryptocurrency Enforcement Team.
U.S. Senate Committee on Banking, Housing and Urban Affairs2026-07-10
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member calls for hearings on national security implications of Trump crypto holdings
The ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs and four other Senate ranking members called for hearings on the national security implications of President Trump’s cryptocurrency holdings. They cited financial disclosures showing about USD 1.4 billion in income from Trump family crypto ventures and unidentified third-party ownership in World Liberty Financial, alongside reported United Arab Emirates involvement.