Warren, Reed Urge Probe of Trump-Linked Crypto Over Alleged North Korea and Russia Ties
On Nov. 18, 2025, Senators Elizabeth Warren and Jack Reed publicly urged regulators and law enforcement to probe a cryptocurrency firm reported to have ties to Donald Trump, pointing to alleged connections with illicit actors in North Korea and Russia. The senators say the claims warrant examination to determine whether sanctions or anti-money‑laundering rules were evaded.
The request highlights growing regulatory and political scrutiny of crypto platforms as authorities focus on national security and financial crime risks. If substantiated, the allegations could trigger enforcement action, heighten compliance demands across the industry, and deepen political fallout for parties linked to the firm. Observers say the situation underscores how geopolitical risks and sanctions regimes increasingly shape the crypto policy landscape.