Warren Continues Scrutiny of Trump’s Crypto Connections Amid Market Regulation Talks
Sen. Warren Continues Scrutiny of Trump Crypto Links as Market Structure Bill Debated
Senator Elizabeth Warren is sustaining political pressure on President Trump’s World Liberty Financial commercial involvements via a letter to the Treasury and DOJ.
By Jesse Hamilton|Edited by Nikhilesh De Nov 18, 2025, 6:14 p.m.
What to know:
- Democratic Senators Elizabeth Warren and Jack Reed have questioned the secretary of the Treasury and the attorney general regarding possible issues regarding President Donald Trump’s affiliation with World Liberty Financial Inc.
- While they voice concerns over Trump’s potential clashes of interest, other Democrats within the Senate Banking Committee are still engaged in discussions with Republicans to develop a crypto market structure bill.
U.S. senators are in active discussions concerning the language to establish regulated crypto markets, and as they deliberate the specifics, Senator Elizabeth Warren is aiming to further shed light on President Donald Trump’s individual crypto connections.
The Massachusetts legislator, who is the leading Democrat on the Senate Banking Committee, and a consistent colleague, Senator Jack Reed, dispatched a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi seeking details on claims that Trump-related World Liberty Financial Inc. distributed tokens to "North Korea, Russia and other illicit actors."
Such transactions, emphasized by Accountable.us, a nonprofit organization probing Washington influence, "present substantial inquiries about WLF’s due diligence policies or procedures, including whether its tokens or other products facilitate sanctions evasion, money laundering and terrorist financing," the senators penned.
Warren and certain other Democrats within both the Senate and House of Representatives have singled out the president’s commercial associations with WLFI, asserting they create a notable conflict of interest as his administration pursues crypto-accommodating policies that will directly advantage Trump’s monetary interests.
Read More: Crypto Critic Elizabeth Warren Probes Trump's Meme Coin Venture
A prolonged opposition from the senior member of one of the two committees that must approve crypto legislation could typically signal failure for a legislative endeavor. Nevertheless, the Democrats within the Senate Banking Committee have exhibited a division regarding crypto initiatives, with Warren upholding her position that the sector is excessively precarious and the president dangerously compromised while other members proceed to negotiate legislative wording.
Proponents for the market structure bill still anticipate it undergoing a markup in that committee before the year concludes, although it remains uncertain whether the other panel — the Senate Agriculture Committee — will be capable of following suit with its draft bill that still encompasses some considerable voids. Crypto lobbyists have conveyed in recent days that the private discussions among senators are unusually confidential, furnishing them with some optimism that significant language negotiations may be transpiring.
While numerous Democrats have consistently insisted that the president and other high-ranking government officials should be expressly forbidden from maintaining business ties to crypto operations, Republican lawmakers have never yielded that point in their legislative drafts.
Read More: State of Crypto: What's In the New Crypto Market Structure Draft?
