Senate Democrats Demand Probe into Trump Crypto Holdings Over National Security Concerns

Senate Democrats are demanding an investigation into President Donald Trump's crypto holdings, citing national security concerns.

The demand comes after new disclosures showed that unnamed third parties hold a stake in World Liberty Financial (WLFI), a crypto firm linked to the Trump family. According to the filings, WLFI generated around $1.4 billion in revenue during Trump's second term, with the meme coin earning roughly $636 million and token sales adding about $515 million.

The senators pointed out that the filing listed an unnamed 'Third Parties' holding a WLF stake, which follows reports of a UAE-linked vehicle buying a 49% stake for around $500 million. They argued that these disclosures deepen concerns about Trump shaping crypto policy while profiting from the sector, particularly given his legislative pushes and moves to ease oversight of digital assets.

The senators also cited the disbanding of the Justice Department's National Cryptocurrency Enforcement Team as evidence of weakened enforcement in this area.