"Senate Democrats called on Steve Witkoff, President Donald Trump's special envoy to the Middle East, to provide more details about his personal crypto holdings, raising questions about potential conflicts of interest. Led by Sen. Adam Schiff (D-Calif.), eight senators requested that Witkoff explain why his latest ethics disclosure showed ongoing stakes in a Trump-linked cryptocurrency and other crypto-related business entities."
"Zach Witkoff co-founded World Liberty Financial with members of the Trump family in 2024. Zach Witkoff, Donald Trump Jr., Eric Trump, and Barron Trump are listed as founders. Steve Witkoff and Donald Trump are listed as "co-founders emeritus" and are not actively involved in the day-to-day operations. The firm said in May that Witkoff was in the process of fully divesting from the project."
"While he has since sold a $120 million stake in his real estate company, his most recent ethics disclosure, dated Aug. 13, indicates that he still holds cryptocurrency for World Liberty Financial, as well as shares in WC Digital Fi LLC - an entity linked to Witkoff and his family-and portions of two other crypto-related businesses, WC Digital SC LLC and SC Financial Technologies LLC."
Senate Democrats, led by Sen. Adam Schiff, requested that Steve Witkoff provide more details about his personal cryptocurrency holdings and related business interests. Witkoff's latest ethics disclosure shows ongoing stakes in a Trump-linked cryptocurrency and shares in WC Digital Fi LLC, WC Digital SC LLC, and SC Financial Technologies LLC. Zach Witkoff co-founded World Liberty Financial with Trump family members in 2024, while Steve Witkoff is listed as a co-founder emeritus. The firm said Witkoff was in the process of divesting, and he sold a $120 million real estate stake. Democrats warn that his crypto ties and World Liberty Financial's U.A.E. business links could create conflicts with his diplomatic role, and reporting indicates overlap between his involvement in a U.S.-U.A.E. AI project and World Liberty Financial negotiations with an Emirati state venture firm.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]