Sen. Elizabeth Warren (D-Mass) accused President Donald Trump on Sunday of using the presidency to advance his family’s cryptocurrency interests rather than working to lower costs for the people.
Warren Suggests Conflict Of Interest
Warren attached an infographic on X, presenting a timeline of Trump’s cryptocurrency policy decisions and the rollout of products from his family-owned businesses.
It then of the GENIUS Act in the Senate in June 2025, days after the launch of USD1. Trump would go on to sign the bill into law a month later.
Note that World Liberty Financial earns interest on the reserves backing the stablecoin. A Trump-affiliated entity, DT Marks SC LLC, which controls 38% of WLFI, has an “indirect economic interest,” according to the company’s website.
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“Donald Trump promised to lower your costs on day one. Instead, he’s busy using the presidency to boost his family’s crypto business,” the senior lawmaker said.
The White House didn’t immediately return Benzinga’s request for comment.
A White House spokesperson told Benzinga earlier that the Trump administration acts solely in the “best interest” of the American people and denied any conflict of interest for the president or his family.
Trump In The Eye Of The Storm
Warren’s allegations followed Trump’s disclosure that in 2025, the very first year of his presidency.
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