Political Quotes

Richard Blumenthal: “President Trump has systematically weakened oversight of the crypto industry while his family has raked in billions…”

On the recordAugust 26, 2026
President Trump has systematically weakened oversight of the crypto industry while his family has raked in billions through their numerous crypto schemes. Now, Trump’s hand-picked regulators at the Treasury Department have granted World Liberty Financial a banking charter. This latest act of self-dealing puts our banking system in danger by legitimizing a company that has proven to be unscrupulous. Our measure would strengthen the integrity of our banking system by barring Presidents, their families, and other trusted government officials from controlling their own banks while in office.
Said by
Richard Blumenthal
Democratic · Connecticut

Editor's note · Context

Highlighting risks of Trump's banking charter approval.

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