Senate Democrats intensify inquiries into Witkoff’s crypto holdings in World Liberty Financial, citing unresolved divestment claims and potential conflicts with his Middle East diplomatic role.
Senate Democrats are increasing scrutiny on Steve Witkoff, Donald Trump’s Middle East envoy, over his undeclared crypto holdings tied to World Liberty Financial. Witkoff’s August 13 ethics filing shows he still holds WLFI tokens and stakes in related WC Digital entities, despite announcements in May of planned divestment. Lawmakers allege potential conflicts of interest given his diplomatic engagements with UAE partners while WLFI pursued multi-billion-dollar talks with Emirati-backed MGX, including a $2 billion Binance investment in its USD1 stablecoin. This follows a New York Times report highlighting overlaps between Witkoff’s official role and WLFI business activities.