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Democrats press ethics and corruption concerns tied to president's crypto holdings during Senate hearing
Summary
Democratic senators and several witnesses told the Senate Banking Committee that President Trump's crypto holdings and family ventures create an appearance of conflict and urged Congress to include anti‑corruption provisions in any market‑structure legislation.
Democratic senators used the committee hearing to press ethics concerns about President Trump’s and his family’s reported crypto holdings and projects, saying the president’s financial interests create the appearance of corruption that could distort markets if a new federal crypto framework is enacted.
Senator Elizabeth Warren said a market‑structure bill should include measures “to shut down the president's crypto corruption.” She told the committee: “If Congress is going to ratify a sweeping crypto regulatory regime, it is critical to shut down the president's crypto…
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