U.S. Senator Elizabeth Warren has asked President Donald Trump to voluntarily disclose his cryptocurrency income and holdings covering the period from Jan. 1 through July 15, according to Bitcoin News. Warren set a July 23 deadline for the disclosure request.
In a July 16 letter, the top Democrat on the Senate Banking Committee said Congress cannot fairly debate crypto legislation while the president’s financial exposure to the sector has been disclosed only in part. Her request comes as the Senate reviews the CLARITY Act.
Warren said lawmakers should have updated information about Trump’s crypto interests before advancing legislation that could directly affect the value of his holdings. She added that her concern is not limited to the president owning digital assets. In her view, legislation now under review could materially benefit businesses and investments tied to the president, while those interests remain only partially disclosed.
U.S. Senator Elizabeth Warren has asked President Donald Trump to voluntarily disclose his cryptocurrency income and holdings for the period from Jan. 1 to July 15, according to Bitcoin News. She asked that the disclosure be completed by July 23.
In a July 16 letter, Warren, the ranking member of the Senate Banking Committee, said Congress cannot fairly debate cryptocurrency legislation while the president’s financial exposure to the industry has been disclosed only in part.
The request comes as the Senate is considering the CLARITY Act. Warren said lawmakers need up-to-date information on Trump’s crypto interests before moving forward with legislation that could directly affect the value of his holdings.
Warren also said the concern is not simply that the president holds digital assets, but that legislation under congressional review could materially benefit businesses and investments connected to the president, while those interests have been only partially disclosed.
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