Democratic senators call for hearings on Trump's crypto

Five Democratic senators called on Friday, July 10, for congressional hearings to investigate the national security and ethical implications of President Donald Trump's cryptocurrency holdings, citing his financial disclosure reporting over $1.4 billion in income from the sector last year. The move intensifies pressure on Senate negotiations over a major digital asset bill and raises questions about potential conflicts of interest.

In a joint statement, Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden requested that the committees they help lead as ranking Democrats hold hearings. They argued that the president's substantial crypto earnings, detailed in his 2025 financial disclosure, warrant scrutiny as his administration pushes Congress to pass the Digital Asset Market Clarity Act. The lawmakers expressed concern that the president could be advocating for legislation that benefits an industry from which he is personally profiting.

The disclosure listed approximately $635 million connected to a Trump-branded memecoin and over $788 million from his family's World Liberty Financial platform, making digital assets Trump's largest reported...