Senate Democrats Call for Hearings on Trump's $1.2B Crypto Profits

According to Senate Democrats' statement Friday, five senators called for congressional hearings into President Trump's crypto holdings after financial disclosures revealed over $1.2 billion in crypto-related income. The lawmakers—Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden—cited potential conflicts of interest, foreign influence, and Trump's role in shaping crypto policy while profiting from the industry.

Trump's disclosures showed he earned over $635 million from his Trump meme coin and more than $588 million from World Liberty Financial token sales. The senators specifically flagged unknown third-parties holding stakes in World Liberty Financial, with UAE royals owning 49% of the firm.