Elizabeth Warren asked Trump to disclose the encrypted currency holdout within a week

ON 19 JULY, SENATOR ELIZABETH WARREN REQUESTED PRESIDENT DONALD TRUMP TO VOLUNTARILY DISCLOSE HIS ENCRYPTED MONEY PROCEEDS AND HOLDOUT FROM 1 JANUARY TO 15 JULY AND TO PROVIDE HIM WITH A DEADLINE OF 23 JULY. IN A LETTER DATED 16 JULY, SENIOR MEMBERS OF THE SENATE BANKING COMMISSION ARGUED THAT CONGRESS COULD NOT FAIRLY DEBATE ENCRYPTED CURRENCY LEGISLATION WHEN THE PRESIDENT DISCLOSED ONLY PARTIAL FINANCIAL EXPOSURE TO THE INDUSTRY. THIS REQUIREMENT COINCIDES WITH THE SENATE ' S CONSIDERATION OF THE CLATRITY BILL, WHICH WILL ESTABLISH A COMPREHENSIVE REGULATORY FRAMEWORK FOR THE DIGITAL ASSET MARKET BY DEFINING WHICH ASSETS FALL UNDER THE SUPERVISION OF THE SEC OR THE CTC AND BY ESTABLISHING CLEARER RULES FOR EXCHANGE AND TOKEN ISSUERS. WARREN BELIEVES THAT LEGISLATORS NEED TO BE KEPT UP TO DATE ON THE BENEFITS OF THE TURKISH ENCRYPTED CURRENCY BEFORE MOVING FORWARD WITH LEGISLATION THAT MAY HAVE A DIRECT IMPACT ON THESE HOLDABLE VALUES. ACCORDING TO WARREN, THE CONCERNS ARE NOT JUST THAT THE PRESIDENT OWNS THE DIGITAL ASSETS, BUT THAT THE LEGISLATION CURRENTLY BEFORE CONGRESS MAY SUBSTANTIALLY BENEFIT THE PRESIDENT-RELATED BUSINESSES AND INVESTMENTS, WHICH ARE ONLY PARTIALLY DISCLOSED。