WASHINGTON — Five Senate Democrats renewed calls for hearings into President Donald Trump's cryptocurrency holdings on Friday. The senators cited Trump's new financial disclosure and questions about foreign and unidentified investors in his family's crypto business.

The Democrats called on the Republican-controlled committees where they serve as ranking members to investigate any national security implications raised by Trump's disclosure for 2025. Their concerns center on World Liberty Financial, the Trump family crypto venture. The senators' letter requested an examination into whether the United Arab Emirates or other financial backers influenced administration policy.

Trump's financial disclosure for 2025 became public on June 30. "President Trump's new financial disclosures reveal the Trump family crypto ventures generated the vast majority of his income — about $1.4 billion in the first year of his second term alone," the senators said in a letter. The senators making the request included Elizabeth Warren of Massachusetts, Richard Blumenthal of Connecticut, Gary Peters of Michigan, Dick Durbin of Illinois, and Ron Wyden of Oregon.

According to an analysis of his 927-page annual financial disclosure, Trump reported at least $2.24 billion in revenue in 2025. The filing showed more than $580 million in crypto-related income. This included approximately $515 million from World Liberty token sales and $65 million from sales of equity in World Liberty Financial's holding company. He also reported $635 million in royalties from "Celebration Coins." The letter noted that Trump's disclosure listed unidentified "Third Parties."

A group tied to Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates' national security adviser, reportedly bought a 49% stake in World Liberty Financial. The Democratic senators questioned whether the deal influenced subsequent administration decisions involving AI chips and arms sales to the UAE. Republicans, who hold majorities in the Senate and House, did not schedule any hearings in response to the Democrats' requests.

The White House has said that Trump's assets are held in a trust managed by his children. Trump said his son Eric Trump oversees his assets and that outside firms manage his investments. He added, "I tell my kids, stay away from as much as you can stay away from, but they also have a life."