Trump’s Middle East envoy, Steve Witkoff, is under pressure from lawmakers over his crypto involvement and links to World Liberty Financial (WLFI).
Summary
- Eight Senate Democrats have sent a letter to Trump appointee Steve Witkoff over his crypto holdings.
- Senators argue his last disclosure shows ownership in four crypto-related entities, raising conflict-of-interest concerns.
- Witkoff has until Oct 31 to respond to the Senate’s request for clarification.
Senate Democrats are turning up the heat on Steve Witkoff, President Donald Trump’s special envoy to the Middle East, over his continued involvement in cryptocurrency ventures.
Per an Oct. 22 Fortune report, eight Democratic senators sent a letter demanding clarification on why Witkoff’s latest ethics disclosure still shows ownership in crypto-related entities, including the Trump-linked digital WLFI.
“Your failure to divest your ownership in these assets raises serious questions about your compliance with federal ethics laws and, more importantly, your ability to serve the American people over your own financial interests,” the senators wrote.
Witkoff had co-founded World Liberty Financial with Trump in 2024 and was previously reported to be divesting his interest. While he has sold off a $120 million stake in his real estate company, his latest Aug. 13 disclosure reportedly revealed he still holds crypto assets through multiple vehicles. These include World Liberty Financial, WC Digital Fi LLC, and two other crypto-related entities tied to him and his family: WC Digital SC LLC and SC Financial Technologies LLC.
Senators argue that Witkoff’s continued financial ties to crypto could conflict with his diplomatic duties in the Middle East, especially given World Liberty Financial’s business links to the U.A.E. They have requested a detailed response by Oct. 31, pressing Witkoff t
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Author: Grace Abidemi
