six Democratic senators accused U.S. Deputy Attorney General Todd Blanche of weakening law enforcement on the crypto industry while holding a large amount of crypto assets, allegedly violating conflict of interest laws.

In a letter sent on Wednesday, Senators Mazie Hirono (Hawaii), Richard Durbin (Illinois), Elizabeth Warren (Massachusetts), Sheldon Whitehouse (Rhode Island), Christopher Coons (Delaware), and Richard Blumenthal (Connecticut) pointed out that when Blanche issued a policy memo easing industry regulations, financial disclosures showed he held approximately $158,000 to $470,000 in crypto assets, and his actions may violate federal conflict of interest laws.

The senators cited Title 18, Section 208(a) of the U.S. Code, which prohibits executive branch officials from participating in decisions that could affect their personal financial interests.

They wrote in the letter: "At the very least, you have an apparent conflict of interest and should recuse yourself from the related decisions."