A group of US senators is renewing its demand for public hearings into the Trump family’s crypto business and its financial ties to UAE-linked investors. Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin and Ron Wyden said recent disclosures point to undisclosed “third parties” involved in World Liberty Financial, a crypto venture tied to the Trump family. They also cited media reports saying a member of the UAE royal family acquired a 49% stake in the firm.
New disclosures put token revenue and UAE connections under scrutiny
The pressure follows newly public financial documents released by the US Office of Government Ethics on July 1. Those filings show the Trump family received about $636 million in royalties from a memecoin project, $594 million from token sales tied to World Liberty Financial, and roughly $197 million through a stablecoin initiative associated with Sheikh Tahnoon bin Zayed Al Nahyan of Abu Dhabi. The documents also show that former President Trump holds cryptocurrency assets worth tens of millions of dollars in Bitcoin and Ethereum.
Senators link the business activity to Washington’s crypto policy debate
The senators argued that the size of those crypto-related financial interests overlaps with Congress’s ongoing effort to build a federal oversight framework for digital assets. Their statement raised questions about whether Trump supported legislation favorable to the crypto sector while also benefiting personally from related ventures. They also pointed to actions taken during his administration, including the dismantling of the Justice Department’s National Cryptocurrency Enforcement Team, which had been involved in policing digital asset markets.
CLARITY Act delays keep the issue in focus
The latest push comes as the CLARITY Act, a proposed framework for digital asset oversight, remains stalled in Congress. The bill has been delayed by disputes over executive authority tied to digital asset endorsements, even as it stands as one of the crypto industry’s top legislative priorities this year. Warren and the other senators had already called for hearings on the influence of foreign entities and on whether personal financial interests could shape the administration’s regulatory approach. Their latest statement keeps attention on ownership transparency and conflict-of-interest concerns in US crypto policymaking.