Democratic Senators Question Trump Envoy’s Crypto Ties Amid UAE Role
Eight Democratic senators, led by Adam Schiff, have demanded answers from Steve Witkoff, a Trump envoy, regarding his financial ties to World Liberty Financial, a cryptocurrency company he co-founded in 2024. The lawmakers allege that Witkoff's undisclosed crypto holdings and business overlaps with U.S. foreign policy in the UAE raise ethical concerns.
Despite divesting $120 million in real estate assets, Witkoff retains cryptocurrency linked to World Liberty Financial and stakes in related entities like WC Digital Fi LLC and SC Financial Technologies LLC. The senators argue this undermines his ability to prioritize national interests over personal financial gain.
The controversy highlights growing scrutiny of crypto's intersection with public office. While no specific tokens were named, the case underscores the need for transparency as digital assets become enmeshed in global finance and geopolitics.
