With the Senate likely voting on a crypto bill within days, Elizabeth Warren asked for information on Donald Trump’s earnings between January and July ahead of a 2027 deadline.
Cointelegraph•Cointelegraph by Turner Wright17 Jul
Coinbase’s chief policy officer pushed back against Senator Elizabeth Warren’s criticism of the CLARITY Act, arguing the crypto bill strengthens national security protections rather than creating sanctions risks. Coinbase Challenges Senator Warren’s Warning That CLARITY Act Threatens Sanctions Enforcement Crypto exchange Coinbase (Nasdaq: COIN) pushed back after U.S. Senator Elizabeth Warren (D-MA) warned that the […]
Bitcoin.com News•Kevin Helms12 Jul
Coinbase policy chief Faryar Shirzad says the CLARITY Act strengthens security, while Elizabeth Warren warns it could aid sanctions evasion.
Lawmakers have intensified calls for an investigation into President Donald Trump’s cryptocurrency holdings as the Senate prepares to advance the CLARITY Act. According to a joint statement from Democratic senators, ranking members from five Senate committees have asked Congress to…
Will the crypto market structure bill be postponed to the 2030s?
AMBCrypto•Benjamin Njiri10 Jul
Warren's opposition to the Clarity Act highlights the ongoing tension between regulatory clarity and potential loopholes in crypto oversight.
CryptoBriefing•Editorial Team9 Jul
Senator Elizabeth Warren is pushing to add a provision to pending Senate crypto legislation barring President Trump, his family and senior officials from profiting off digital assets, after a disclosure showed his crypto ventures made more than $1.4 billion last year.
The Defiant•The Defiant Team2 Jul
Increased regulatory scrutiny on AI acqui-hires could reshape tech industry dynamics, slowing consolidation and fostering competition among startups.
CryptoBriefing•Editorial Team24 Jun
Elizabeth Warren has spent much of the past decade warning Americans about the risks posed by privately issued and decentralized digital assets. Over the years, the Massachusetts Democrat has built a reputation as one of crypto industry’s most recognizable critics by persistently linking the emerging industry to money laundering, speculative excess, consumer losses, and sanctions […]
CryptoSlate•Oluwapelumi Adejumo23 Jun
A pair of US Senators are demanding answers from Commerce Secretary Howard Lutnick after a recent news report raised questions about his relationship with Tether, the world’s largest stablecoin issuer. A trust benefitting Lutnick’s four children borrowed from Tether in October, just as Lutnick sold them his multibillion-dollar stake in finance giant Cantor Fitzgerald, Bloomberg reported last month. Lutnick’s stake in Cantor Fitzgerald was reportedly sold to multiple trusts that benefit his children. But the trust that borrowed from Tether holds more than half the equity in Cantor, according to Bloomberg. Moreover, the loan was reportedly backed by “all assets” in the trust. “If reports of this loan are accurate, it would raise serious questions about your relationship with Tether and the company’s influence on your policy decisions,” Senators Elizabeth Warren and Ron Wyden wrote in their letter, dated April 29. “We want to ensure that Tether has not sought to bribe or otherwise exert control or influence over you.” Tether and the Department of Commerce did not immediately respond to DL News’ requests for comment. The letter is the latest example of Democrats using crypto as a cudgel against President Donald Trump and his allies, many of whom have ties to the industry. Democrats argue those ties pose conflicts of interest, and have raised the issue at virtually every hearing over crypto legislation since Trump began his second term as president. Lutnick has a long history with Tether. He was the longtime chairman and CEO of Cantor Fitzgerald, a New York financial services firm. Cantor manages the billions in US Treasury bonds that back USDT , Tether’s stablecoin. The billionaire hasn’t just done business with Tether — he’s personally vouched for the firm, which has faced speculation that USDT isn’t fully backed by high-quality reserve assets. “There’s a company that I like called Tether,” Lutnick said in a televised interview at the World Economic Forum in Davos, Switzerland, in 2024. “From what we’ve seen, and we did a lot of work, they have the money they say they have.” When he became Commerce Secretary in February 2025, he agreed to divest from his stake in Cantor. He completed his divestiture in October of that year. “This document raises questions about whether Tether may have helped provide your children with the capital needed to purchase your stake in Cantor Fitzgerald, and in return, secured an interest in your children’s assets,” Warren and Wyden wrote. The senators asked Lutnick whether Tether’s loan financed his divestiture from Cantor, whether he had a role in "procuring, soliciting, and/or negotiating the loan," the loan's size and terms, and whether he had any contact with Tether or its executives since he became Commerce Secretary. Tether and the Department of Commerce did not immediately respond to DL News ’ requests for comment. Aleks Gilbert is DL News ’ New York-based DeFi Correspondent. Reach out to him with tips at aleks@dlnews.com .
Elizabeth Warren has lashed out against World Liberty Financial over news that the Trump family-run crypto company partnered with a blockchain venture called AB, which has links to a sanctioned criminal syndicate. The Democrat senator’s comments came after The Wall Street Journal reported that two men linked to AB were sanctioned by the Trump administration for their alleged ties to the Prince Group. The Prince Group is accused of running crypto scam compounds and human trafficking operations out of Cambodia. The AB network has not been accused of criminality and has removed the men from the project. There is no suggestion that illicit funds flowed into the resort project the two men were involved with, per Organized Crime and Corruption Reporting Project and Guardian Australia's reporting from earlier in April. The two men have not been charged with any crime. “As the Trump family puts themselves first, Congress needs to ensure that digital asset legislation protects our national security,” Warren said in a Thursday X post. The Massachusetts senator’s comments highlight how US President Donald Trump’s political rivals are increasingly using crypto to attack him and his political allies ahead of the crucial midterm elections in November. It comes as the crypto industry has spent over $319 million to influence the 2026 elections, according to Follow The Crypto. For World Liberty Financial, The Wall Street Journal report marks another setback. Over the past few weeks, it has found itself embroiled in a legal battle with Justin Sun, a crypto mogul and one of the firm’s biggest supporters. World Liberty Financial was launched in 2024 and co-founded by various members of Trump’s family, namely his three sons, as well as the sons of billionaire real estate developer Steve Witkoff, who serves as the White House’s special envoy to the Middle East. The White House and World Liberty Financial have said that Trump and Witkoff have no role in the company’s decision-making. What is AB? In November, AB announced a collaboration with the Trump family’s project that would see World Liberty Financial’s stablecoin USD1 deployed on the AB Chain. However, The Wall Street Journal reported on Monday that the controlling shareholder and general manager of one of its projects — a planned blockchain-themed resort in Timor-Leste — had been led by two men sanctioned by the US over their alleged links to the Prince Group. In November, Prince Group said in a statement that the firm categorically rejects the notion that it engaged in any unlawful activity. Prince Group told The Wall Street Journal that neither its founder nor the group has any connection with AB or Timor-Leste or any activity in the country. A lawyer for World Liberty Financial told The Wall Street Journal that it has never had any association or relationship with the sanctioned individuals and that it had no knowledge of the planned resort when it announced its arrangement with AB. The arrangement wasn’t a partnership but a “limited non-exclusive technology integration” and that the due diligence World Liberty Financial conducted was proportional with the nature of the arrangement, the lawyer told The Wall Street Journal . The Trump family’s crypto project didn’t identify any sanctioned individuals, he said. "Claims attempting to link World Liberty Financial with sanctioned individuals are unfounded and untrue," World Liberty Financial lawyers told OCCRP and Guardian Australia earlier in April. "[World Liberty Financial] has no relationship or association with any of these sanctioned individuals or the Timor-Leste project.” An AB spokesperson told The Wall Street Journal that the arrangement with World Liberty Financial wasn’t related to the sanctioned men as the planned resort was an independent entity. He said that AB terminated a preliminary agreement with the project after the US sanctions were announced. The AB spokesperson told The Wall Street Journal that it informed World Liberty Financial about the men when the company approached AB about the matter. The general manager of the planned resort told The Wall Street Journal that he had never had any business dealings with the Prince Group. Lawyers of the controlling shareholder of the project, have previously said that he wasn’t affiliated with the Prince Group, The Wall Street Journal reported. World Liberty Financial, AB and Prince Group didn’t immediately respond to DL News’ requests for comment. DL News could not immediately reach the two sanctioned men for comment. Eric Johansson is DL News’ managing editor. Got a tip? Email at eric@dlnews.com .