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.
The infographic highlighted Trump’s remarks at the Blockworks Digital Asset Summit in March 2025, where he called on Congress to pass stablecoin legislation. This was followed by the launch of USD1, a dollar-pegged stablecoin, by World Liberty Financial, a decentralized finance platform that lists Trump’s sons as co-founders.
It then spotlighted the passage 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.
The disclaimer also states that none of its offerings are political or related to any political campaign.
Donald Trump promised to lower your costs on day one.
— Elizabeth Warren (@SenWarren) July 5, 2026
Instead, he’s busy using the presidency to boost his family's crypto business. pic.twitter.com/TZmjXGMlKl
“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 cryptocurrency ventures netted him roughly $1.2 billion in 2025, the very first year of his presidency.
The windfall included over $520 million from the sale of tokens issued by World Liberty Financial and more than $635 million in royalties collected from the Official Trump (CRYPTO: TRUMP) memecoin.
Trump defended his billion-dollar cryptocurrency windfall, asserting there was nothing “illegal” or “wrong” about it. He emphasized that cryptocurrency is a “big deal,” and the U.S. must lead in the space or risk ceding dominance to China.
Read Also: Trump's Crypto Push Isn't About Bitcoin Anymore—It's About the Dollar
Photo Courtesy: David Garcia on Shutterstock.com
