Senator Elizabeth Warren (D-Mass.) demanded answers from SEC Chair Paul Atkins on how the agency will protect retirement savers after President Trump cleared the way for crypto in 401(k) plans, warning Trump’s family made $1.2 billion from crypto since taking office.
Warren Says Trump’s Crypto Push Creates Conflict Of Interest
Warren on Monday sent a letter to Atkins as the Senate Banking Committee negotiates crypto market structure legislation, warning the bill as currently drafted could weaken SEC authority and further expose 401(k)s to volatile crypto assets.
She said Trump’s sudden support for crypto appears driven by his own financial interests.
Since returning to office in January 2025, Trump and his family have made over $1.2 billion from crypto ventures including World Liberty Financial’s USD1 stablecoin and the WLFI (CRYPTO: WLFI) token.
The letter comes ahead of Thursday’s committee markup on the crypto bill.
She also warned that proposed legislation could create a “tokenization loophole” allowing financial products offered on blockchain to sidestep SEC …Full story available on Benzinga.com
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