PANews reported on October 22nd that, according to Fortune magazine, US Senate Democrats sent a letter to Steve Witkoff, Trump's special envoy for the Middle East, on Wednesday, demanding more details about his personal cryptocurrency investments. The letter, led by Senator Adam Schiff and signed by eight senators, asked Witkoff to explain why his latest ethics disclosure documents show he still holds shares in cryptocurrencies associated with Trump and other cryptocurrency entities. The senators stated that this failure to divest raises questions about his compliance with federal ethics laws and his ability to prioritize the interests of the American people over personal financial gain. Steve Witkoff and World Liberty Financial stated in May that Witkoff was "fully divesting" his stake in the project. However, his latest ethics disclosure on August 13th revealed that he had divested $120 million worth of his stake in the real estate company but had not yet sold his cryptocurrency holdings. Senate Democrats claim that Witkoff's continued business interests in cryptocurrencies may raise a conflict of interest due to his role as a top diplomat in the Middle East, which allegedly overlaps with World Liberty Financial's business ties with the UAE. They have given Witkoff until October 31st to respond.PANews reported on October 22nd that, according to Fortune magazine, US Senate Democrats sent a letter to Steve Witkoff, Trump's special envoy for the Middle East, on Wednesday, demanding more details about his personal cryptocurrency investments. The letter, led by Senator Adam Schiff and signed by eight senators, asked Witkoff to explain why his latest ethics disclosure documents show he still holds shares in cryptocurrencies associated with Trump and other cryptocurrency entities. The senators stated that this failure to divest raises questions about his compliance with federal ethics laws and his ability to prioritize the interests of the American people over personal financial gain. Steve Witkoff and World Liberty Financial stated in May that Witkoff was "fully divesting" his stake in the project. However, his latest ethics disclosure on August 13th revealed that he had divested $120 million worth of his stake in the real estate company but had not yet sold his cryptocurrency holdings. Senate Democrats claim that Witkoff's continued business interests in cryptocurrencies may raise a conflict of interest due to his role as a top diplomat in the Middle East, which allegedly overlaps with World Liberty Financial's business ties with the UAE. They have given Witkoff until October 31st to respond.
Senate Democrats ask Trump advisor Steve Witkoff to detail cryptocurrency investments and failure to divest
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PANews reported on October 22nd that, according to Fortune magazine, US Senate Democrats sent a letter to Steve Witkoff, Trump's special envoy for the Middle East, on Wednesday, demanding more details about his personal cryptocurrency investments. The letter, led by Senator Adam Schiff and signed by eight senators, asked Witkoff to explain why his latest ethics disclosure documents show he still holds shares in cryptocurrencies associated with Trump and other cryptocurrency entities. The senators stated that this failure to divest raises questions about his compliance with federal ethics laws and his ability to prioritize the interests of the American people over personal financial gain.
Steve Witkoff and World Liberty Financial stated in May that Witkoff was "fully divesting" his stake in the project. However, his latest ethics disclosure on August 13th revealed that he had divested $120 million worth of his stake in the real estate company but had not yet sold his cryptocurrency holdings. Senate Democrats claim that Witkoff's continued business interests in cryptocurrencies may raise a conflict of interest due to his role as a top diplomat in the Middle East, which allegedly overlaps with World Liberty Financial's business ties with the UAE. They have given Witkoff until October 31st to respond.
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