The U.S. Senate Committee on Banking, Housing and Urban Affairs’ Ranking Member, Senator Elizabeth Warren, issued a statement responding to a New York Times investigation linking the Trump family’s cryptocurrency firm to an agreement that would provide the Emiratis access to advanced artificial intelligence chips. Warren framed the reported arrangements as a national security risk and urged Congress to act. Her statement argued that “backroom crypto deals” could hand over access to sensitive U.S. technology while enriching the families of the President and senior officials. Warren also criticised Republicans for producing two “partisan drafts” of a crypto market structure bill, calling instead for legislation that addresses conflicts of interest rather than “industry-written” proposals.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-09-15
U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member Warren calls for crypto legislation to address Trump family conflicts of interest
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, responded to a New York Times investigation linking the Trump family's cryptocurrency firm to a deal with the Emiratis for advanced AI chips. She labeled it a national security risk and urged Congress to intervene. Warren criticized Republicans for drafting partisan crypto market structure bills, advocating for legislation addressing conflicts of interest.