July 10, 2026

Senate Democratic Leaders Release Joint Statement on New Trump Financial Disclosures

Washington, DC – U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee; Richard Blumenthal (D-Conn.), Ranking Member of the Permanent Subcommittee on Investigations; Gary Peters (D-Mich.), Ranking Member of the Committee on Homeland Security and Governmental Affairs; Dick Durbin (D-Ill.), Ranking Member of the Senate Committee on the Judiciary; and Ron Wyden (D-Ore.), Ranking Member of the Senate Committee on Finance released the following statement:

“President Trump’s new financial disclosures reveal the Trump family crypto ventures generated the vast majority of his income – about $1.4 billion in the first year of his second term alone. The President’s financial disclosures also revealed that unknown “Third Parties” own a stake in the Trump family’s World Liberty Financial. The disclosure comes in the wake of reports that the United Arab Emirates purchased a 49% stake in WLF.

“The disclosures heighten concerns about the President pushing Congress to pass crypto legislation in favor of the very industry he’s cashing in on, the Administration’s moves to exempt cryptocurrencies and service providers from existing financial services regulations, and its steps to weaken enforcement, including by disbanding the Department of Justice’s National Cryptocurrency Enforcement Team.

“We call on our respective Committees to hold hearings to investigate the national security implications of President Trump’s cryptocurrency holdings, including the influence of the UAE or unknown third parties on President Trump’s actions.”

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