Elizabeth Warren wants Trump to focus on 'the Epstein files', not crypto originally appeared on TheStreet.

Senator Elizabeth Warren (D-MA) has expressed dismay over President Donald Trump's growing participation in the cryptocurrency space.

In her view, Trump is using the presidency to enrich himself through crypto, and he's doing it out in the open.

On July 24, in an interview with Vanity Fair, the Massachusetts Democrat said:

\\"Trump loves the tariff chaos, where country after country comes begging to Trump to lower their tariffs. That makes him feel really important and gives him more opportunities to extort people for crypto or Qatari jets or whatever else Trump wants.\\"

\\"He wants to keep the attention over there, instead of [on] the tariffs Trump doesn't want to talk about, the Epstein files, or how prices are going up in this country,\\" Warren added.

Warren says the President's actions indicate an abuse of public office and calls upon the President to address his previous relationship with Jeffrey Epstein rather than focusing on crypto policy.

Trump signed the GENIUS Act on July 21, which aims to regulate stablecoins, which, unlike Bitcoin, are tethered to a traditional currency, such as the U.S. dollar, or a commodity.

Warren pointed to the release of Trump-branded digital assets, such as a meme coin and a stablecoin, that she says have already made him hundreds of millions of dollars.

Join the discussion with CryptosRUs on Roundtable here.

She also bashed the recent passage of crypto legislation, which would give the president authority over the regulators presiding over markets in which he has significant financial stakes.

She said:

\\"Donald Trump is the first president in American history to sign into law legislation to put himself in charge of the regulators who will determine the value of a large part of Donald Trump's own wealth.\\"

Warren criticized the dismantling of the Department of Justice's crypto enforcement unit and what she called a retreat from SEC oversight, saying these moves benefit a select few people in the industry—possibly even the president.

She added:

\\"People who voted for Trump sent him to the White House because he promised lower costs on day one—not to turn the White House into a crypto cash machine.\\"

She even connected Trump's focus on crypto and public spat with Federal Reserve Chair Jerome Powell to shift people's focus elsewhere.

Warren cautioned that if legislation pushed through by industry goes unchecked, economic calamity could follow, and urged viewers against a repeat of the deregulatory environment that existed before the 2008 financial crisis.

Elizabeth Warren wants Trump to focus on 'the Epstein files', not crypto first appeared on TheStreet on Jul 25, 2025

This story was originally reported by TheStreet on Jul 25, 2025, where it first appeared.