Washington senators challenge Trump over $1.3 billion crypto earnings | JQJO

WASHINGTON, D.C. — Leading Senate Democrats issued a joint statement on July 10, 2026, sharply criticizing President Donald Trump over financial disclosure reports showing approximately $1.3 billion in earnings from cryptocurrency investments and digital asset ventures during 2025. The statement, first shared with the outlet Semafor, was co-signed by the top Democrats on five influential Senate committees, including Elizabeth Warren of Massachusetts, Richard Blumenthal of Connecticut, Gary Peters of Michigan, Dick Durbin of Illinois, and Ron Wyden of Oregon. The senators said the scale of Trump’s cryptocurrency earnings has drawn intense scrutiny from ethics watchdogs and political opponents, who question how his private financial interests intersect with his official duties.

WASHINGTON, D.C. — In their statement, the senators warned of potential conflicts of interest as Congress prepares to debate a long-delayed and highly anticipated digital assets bill that could reshape the regulatory framework for the cryptocurrency industry. They wrote that the disclosures “heighten concerns about the president pushing Congress to pass crypto legislation in favor of the very industry he’s cashing in on,” and argued that Trump’s substantial crypto holdings raise concerns about his administration’s lobbying efforts on Capitol Hill. The rebuke underscores a broader political battle over ethical standards and executive influence, with Democrats accusing the president of advancing policies that could directly benefit his personal financial portfolio.