Elizabeth Warren Blasts Trump Family’s Crypto Scheme Tied to Sanctioned Figures

Senator Elizabeth Warren is once again calling out the Trump family’s shady cryptocurrency operations, this time over troubling connections between their company, World Liberty Financial (WLFI), and a controversial blockchain project tied to sanctioned individuals.

According to a recent Wall Street Journal report highlighted by Warren on social media, WLFI launched a USD1 stablecoin last November on a little-known blockchain network called AB Chain. This network was promoting a “blockchain theme resort” in Timor-Leste, a Southeast Asian nation, pitched as a hub for advancing blockchain tech and philanthropy.

But investigations by The Guardian and the Organised Crime and Corruption Reporting Project revealed a darker side. The resort project involved individuals later sanctioned by the U.S. Treasury amid a crackdown on Cambodia’s Prince Group — a conglomerate accused of running one of the world’s largest online scam operations. While no direct evidence linked AB Chain to the Prince Group or illicit funds, the sanctioned individuals were removed from the project only after scrutiny intensified.

Warren used these revelations to condemn the Trump family’s crypto ventures as reckless and self-serving. “As the Trump family prioritizes themselves, Congress must ensure that digital asset legislation protects our national security,” she wrote, underscoring the urgent need for oversight.

This is not Warren’s first salvo at the Trump family’s crypto dealings. She previously denounced a $500 million investment from the UAE into WLFI as “corruption.” Compounding the family’s crypto woes, WLFI is currently facing a lawsuit from cryptocurrency billionaire Justin Sun, who alleges violations of token holder rights.

The Trump family and their crypto operation have remained silent, with no immediate response from WLFI, the White House, or AB Chain to requests for comment.

Meanwhile, WLFI’s token price has plummeted over 13% in the last 24 hours, reflecting growing investor unease amid these scandals.

This episode adds to a growing pattern of the Trump family exploiting emerging financial technologies for personal gain, often skirting transparency and accountability. As Warren warns, without strong congressional action, these crypto schemes could pose serious risks to national security and democratic integrity.

We will continue to track this story as it develops.