A resolution condemning the financial entanglements of World Liberty Financial, Inc. with President Donald J. Trump, the Trump family, and the Trump Administration.
This resolution condemns the financial connections between World Liberty Financial, Inc. (WLFI) - a cryptocurrency firm partially owned by President Trump and his family - and foreign entities, citing potential violations of the Constitution's Foreign Emoluments Clause. It specifically highlights a $2 billion deal involving WLFI and a UAE-backed firm (MGX Fund Management), which could allow the Trump family to receive payments from a foreign government without congressional consent. The resolution demands that any such proceeds be transferred to the U.S. government and affirms that these ties create unacceptable conflicts of interest and ethical concerns. As a non-binding Senate resolution, it does not change laws but formally expresses disapproval of these financial arrangements.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2025
Committee Review
Floor Vote
President
Introduced May 21, 2025
Last action May 21, 2025
Floor votes
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Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 21, 2025
Senate · Referred to committee
Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S3064-3065)
May 21, 2025
Senate · Introduced
Introduced in Senate
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Richard Blumenthal
DDemocratic
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