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Senator Warren Presses for Probe Into Trump-Linked UAE Crypto Deal

U.S. Senator Elizabeth Warren is pushing for a congressional investigation into a $500 million investment by a UAE-funded firm, backed by Sheikh Tahnoon bin Zayed Al Nahyan, into Trump-linked cryptocurrency company World Liberty Financial (WLFI). The investment, which purchased a 49% stake in WLFI in January 2025 just before Donald Trump's inauguration, was arranged by Eric Trump and not publicly disclosed. Concerns have been raised about potential conflicts of interest and whether U.S. officials properly assessed the deal. Although the Trump family's ownership has been reduced to a minority stake, they remain significantly involved in WLFI, known for its USD1 stablecoin and large digital asset transactions. Both the White House and WLFI deny any wrongdoing.

TheNewsCrypto02/02 11:41

Senator Warren Presses for Probe Into Trump-Linked UAE Crypto Deal

TheNewsCrypto02/02 11:41

US DOJ Bitcoin Sales Spark Concern From US Senator

US Senator Cynthia Lummis expressed deep alarm after the US Department of Justice transferred and likely sold approximately 57.55 BTC (worth around $6.3 million) seized in a criminal case. The action contradicts a 2025 executive order by the President directing the creation of a US Strategic Bitcoin Reserve and requiring seized bitcoin to be held, not sold. Blockchain data showed the bitcoin was sent to a Coinbase Prime wallet and later liquidated. Lummis, who chairs a Senate subcommittee on digital assets, questioned the move and called for greater policy clarity and transparency. The incident has sparked broader questions about the government’s handling of seized crypto assets.

bitcoinist01/07 01:02

US DOJ Bitcoin Sales Spark Concern From US Senator

bitcoinist01/07 01:02

Is Donald Trump’s BTC Reserve Being Ignored? ‘Deeply Concerned’ US Senator Slams Recent Government Bitcoin Sale

U.S. Senator Cynthia Lummis expressed deep concern over reports that the U.S. government sold Bitcoin obtained through a criminal case, despite an executive order from former President Donald Trump directing such assets be preserved for a planned Strategic Bitcoin Reserve. The Bitcoin, worth approximately $6.37 million from the Samourai Wallet case, was transferred to a Coinbase Prime account and likely liquidated. On-chain data shows the wallet now has a zero balance. Lummis questioned why the government is liquidating Bitcoin while other nations accumulate it, emphasizing the importance of treating Bitcoin as a strategic national asset. The reported sale has sparked mixed reactions, with some defending the liquidation and others arguing it violates Trump’s executive order. The Justice Department has not commented.

ccn.com01/06 08:18

Is Donald Trump’s BTC Reserve Being Ignored? ‘Deeply Concerned’ US Senator Slams Recent Government Bitcoin Sale

ccn.com01/06 08:18

Crypto community ‘very sorry’ over Senator Lummis' reelection decision

US Senator Cynthia Lummis, a prominent advocate for cryptocurrency and Bitcoin, announced she will not seek reelection in 2026, prompting widespread support and regret from the crypto community. Industry leaders credited her significant role in advancing pro-crypto policies, criticizing the SEC's enforcement-heavy approach and championing key legislative efforts like the Responsible Financial Innovation Act and the US Clarity Act. Despite her departure, figures like a16z's Collin McCune and Multicoin's Kyle Samani emphasized that regulatory work continues, with hopes high for passing major crypto legislation in 2026. White House crypto czar David Sacks called her a "great ally" and expressed disappointment at her exit.

cointelegraph12/21 05:17

Crypto community ‘very sorry’ over Senator Lummis' reelection decision

cointelegraph12/21 05:17