Overview
- A letter led by Sen. Adam Schiff and signed by seven other Democrats asks Steve Witkoff for details on his crypto holdings and any ethics consultations or waivers.
- Witkoff’s Aug. 13 disclosure lists cryptocurrency for World Liberty Financial and stakes in WC Digital Fi LLC, WC Digital SC LLC, and SC Financial Technologies LLC.
- Senators cite potential conflicts tied to MGX’s $2 billion investment in Binance using WLFI’s USD1 stablecoin, which was announced near a U.S.–U.A.E. AI agreement.
- The inquiry flags Witkoff’s engagements with Emirati figures, including Sheikh Tahnoon and MGX, as examples of possible overlap with his envoy duties.
- World Liberty Financial and the White House did not immediately comment, and earlier congressional requests for inspectors general reviews remain an open oversight track.