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$500M Trump Crypto Deal: Senate Democrats Demand Hearings
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CoinEx News: On June 23, 2026, five senior U.S. Senate Democrats urged Republican committee chairs to hold hearings on reports that Abu Dhabi-linked buyers purchased a 49% stake in World Liberty Financial, the Trump-family crypto company, for about $500 million. The senators’ letter said $218 million was reportedly paid up front to entities tied to the families of President Trump and Middle East envoy Steve Witkoff.

The request does not prove wrongdoing, but it adds a political hurdle for U.S. crypto rules. Separate reporting says the White House and Senate negotiators are still discussing ethics limits in the CLARITY Act, the market-structure bill that could decide how crypto is regulated.

Source: CoinEx

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