U.S. Senate Committee on Banking, Housing, and Urban Affairs
09/15/2025 | Press release | Distributed by Public on 09/15/2025 14:56
Warren Statement on Trump Conflicts of Interest, Future of Crypto Legislation
September 15, 2025
Warren Statement on Trump Conflicts of Interest, Future of Crypto Legislation
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement on a new New York Times investigation exposing connections between Trump family's cryptocurrency firm and an agreement giving the Emiratis access to advanced A.I. chips:
"A foreign power, in essence, has co-opted the foreign policy of the United States through backroom crypto deals that hand over access to sensitive U.S. technology while enriching the families of the President and senior officials. To call this corruption does not do justice to the scale of harm that these deals will do to our national security. Congress has a responsibility to act. Republicans have now produced two partisan drafts of a crypto market structure bill. We need legislation that tackles these real and serious conflicts of interest - not industry-written bills that line the Trump family's pockets."
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