Sen. Elizabeth Warren (D-Mass.) is once again taking aim at President Donald Trump and his family's cryptocurrency dealings. On Tuesday, she called for legislation to address what she described as a massive conflict of interest, citing a Reuters report that estimates the first family has made about $2.3 billion from crypto-related activities since Trump returned to the White House.

"Any crypto legislation needs to stop the massive conflict of interests posed by Donald Trump and his family's crypto ventures," Warren said on X, sharing the report.

The investigation found that the Trumps made billions through ventures including World Liberty Financial, the TRUMP (CRYPTO: TRUMP) meme coin, and American Bitcoin (ABTC). But here's the flip side: more than a million investors lost the same amount on the other side of those trades. The $2.3 billion gain, the report added, came almost entirely from licensing fees and revenue sharing — not from putting capital at risk.

Former Republican congressman Adam Kinzinger, a frequent Trump critic, quoted the report with a simple caption: "Corrupt animals."

The White House didn't immediately respond to a request for comment on the report or Warren's allegations.

This isn't Warren's first rodeo on this issue. She's repeatedly voiced concerns about the Trump family's crypto involvement. The Democratic lawmaker has accused Trump of dialing back enforcement on cryptocurrency to benefit firms linked to his family, and she pressed Treasury Secretary Scott Bessent to open a federal investigation into their activities. As a ranking member of the Senate Banking Committee, she vigorously opposed the Clarity Act, arguing it failed to tackle the conflicts of interest posed by the Trumps.

The White House has rejected these allegations, accusing Democrats of pushing "tired" narratives against Trump. Meanwhile, Trump has shown unwavering support for cryptocurrency, claiming credit for "saving" the industry and turning America into the "cryptocurrency capital of the world." He also said he would "never let crypto down."

So the battle lines are drawn: Warren wants ethics guardrails on crypto legislation, while the Trump administration sees the industry as a win for America. With billions at stake — and millions of investors on both sides — this fight is far from over.