BusinessCybersecurityGovernment

Senate Democrats Probe Trump Advisor’s Crypto Holdings Over Ethics Concerns

Eight Senate Democrats are pressing Trump advisor Steve Witkoff over his undisclosed cryptocurrency holdings. The lawmakers allege potential ethics violations involving Middle East diplomatic work and crypto business ties to the UAE.

Ethics Probe Into Trump Advisor’s Crypto Portfolio

Senate Democrats have launched a formal inquiry into Steve Witkoff’s cryptocurrency investments, demanding the Trump administration special envoy explain why he maintained substantial crypto holdings while serving as a top Middle East diplomat. According to reports, eight senators led by Adam Schiff (D-CA) sent a letter Wednesday expressing “serious questions about your compliance with federal ethics laws” regarding Witkoff’s failure to divest from Trump-linked cryptocurrency ventures.

EconomyFinanceGovernment

Treasury Yields Dip as Government Shutdown Nears Potential Resolution

Treasury yields moved lower as White House officials expressed optimism about ending the government shutdown this week. Meanwhile, trade tensions with China showed signs of easing ahead of critical economic data releases.

Market Movement Amid Shutdown Developments

Treasury yields reportedly declined as investors monitored developments surrounding the ongoing government shutdown, according to market analysis. The downward movement in yields comes as bond prices move inversely to yield performance, with each basis point representing a 0.01% change.