Senate Probes Witkoff’s Crypto Holdings Amid Ethics Concerns

Senate Democrats are investigating Steve Witkoff’s continued cryptocurrency holdings despite promises of divestment, citing potential conflicts of interest tied to his association with Trump-affiliated ventures. The investigation centers around Witkoff’s stake in World Liberty Financial’s token WLFI and raises questions about federal ethics compliance and potential market impact. Senator Adam Schiff led the inquiry, along with Ron Wyden, raising concerns regarding Witkoff’s continued ownership of crypto assets. Witkoff’s holdings prompt scrutiny for potential conflicts of interest related to his previous role as a Trump-appointed envoy. The investigation highlights the growing attention on regulations, ethics, and compliance within the financial sector, particularly in light of recent events.