A proposal from an outside progressive group would urge Congress to examine Coinbase CEO Brian Armstrong and World Liberty Financial in 2027, though the draft is not an official congressional plan.
The draft lists Armstrong as a possible hearing witness. It recommends asking about Coinbase's donation to a White House ballroom project and any benefits the company may have received. It also names World Liberty Financial as a potential investigative target, with proposed scrutiny of President Donald Trump's financial ties to the company, the administration's easing of crypto enforcement and the company's relationship with Binance. The proposal describes possible areas of oversight, not a confirmed hearing or investigation.
An outside progressive organization led by a former aide to Sen. Elizabeth Warren developed the proposal. Democratic staffers have reviewed it, but it has not become an official congressional plan.
Separately, Sen. Richard Blumenthal sent letters to executives at Coinbase, Ripple, Kraken, Paxos and Gemini seeking information about donations to the ballroom project.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to [email protected].
