Senators Elizabeth Warren, the Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, and Elissa Slotkin called for a full investigation into potential conflicts of interest involving senior Trump Administration officials and foreign cryptocurrency deals, after the Department of State Office of Inspector General said it had referred their request to its Office of Investigations for review. The senators had urged the State Department Office of Inspector General, the Commerce Department Office of Inspector General, and the U.S. Office of Government Ethics to investigate potential conflicts involving David Sacks, identified as President Trump’s White House AI and Crypto Czar, and Steve Witkoff, identified as the U.S. Special Envoy to the Middle East. Their request followed a New York Times report on links between the Trump family’s cryptocurrency firm and an agreement giving the United Arab Emirates access to advanced artificial intelligence chips, with the lawmakers arguing that any investigation should be robust and that findings should be made public.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-12-22
U.S. Senate Committee on Banking, Housing and Urban Affairs minority presses for full investigation as State Department Inspector General refers Trump crypto conflict request to investigators
Senators Elizabeth Warren and Elissa Slotkin have called for an investigation into potential conflicts of interest involving senior Trump Administration officials and foreign cryptocurrency deals. The request, prompted by a New York Times report, focuses on David Sacks and Steve Witkoff and has been referred to the Department of State Office of Inspector General's Office of Investigations. The senators emphasize the need for a thorough investigation and public disclosure of findings.