Senate Democrats have asked for committee hearings to examine the national security implications of President Trump’s cryptocurrency holdings as the Senate considers the Digital Asset Market Clarity Act. The request follows Trump’s 2025 financial disclosure, which reported about $1.4 billion in earnings from his memecoin and the World Liberty Financial platform. In a notice sent to committee members, the senators said the disclosure raised concerns that the President could influence legislation that benefits his own crypto interests. The notice, signed by the ranking members of five Senate committees and subcommittees, called for investigation of possible influence from the United Arab Emirates or other third parties. Senator Richard Blumenthal discussed the request with CNN. Democrats hold fewer seats in the minority and must secure Republican support to overcome a filibuster, which requires 60 votes to end debate on the bill. Republican Senator Cynthia Lummis has advocated for the CLARITY Act, while other Republicans have called for additional ethics provisions. Representative French Hill, chair of the House Financial Services Committee, said Trump’s financial ties make passage more complicated. A separate bill prohibiting the Federal Reserve from creating a central bank digital currency until Dec. 31 2030 is expected to become law after Trump declined to sign the housing bill that contained the CBDC ban, allowing the measure to become law automatically after ten days. The CLARITY Act vote is scheduled for this month, and its outcome may depend on Democratic support needed to overcome procedural obstacles.