Former federal prosecutor Ty Cobb, who served as special White House counsel during Trump's first term, supported legislative scrutiny into the president's financial activities and asset growth.
"Trump's corruption is one of a kind," said Cobb.
Cobb specifically criticized the proposed $1.8 billion fund, noting it has generated substantial friction among lawmakers, and called for probes into multi-million dollar stock trades and foreign investments.
"There's no way to discuss the slush fund as anything but criminal conduct," said Cobb.
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Democratic senators are simultaneously pushing for policy reforms linked to the financial disclosures to prevent executive branch officials from benefiting from specific market sectors.
"Today, President Donald Trump disclosed that the Trump family crypto ventures generated the vast majority of his income in the first year of his presidency," said Senator Elizabeth Warren.
President Trump rejected allegations of wrongdoing on Wednesday, stating that outside advisers manage his investments through a secure structure.
"I'm profiting, because the stock market's going up … Everybody's profiting," said Trump.
During a television interview on Thursday, the president specified that his son Eric Trump manages the disclosed assets alongside independent firms.
"Everybody is profiting," said Trump.
The White House backed the president's statements, maintaining that all executive decisions prioritize national interests without conflict.
"Neither the president nor his family have ever engaged or will ever engage in conflicts of interest," said Press Secretary Karoline Leavitt.
White House officials consistently dismiss the opposition's investigative plans as politically motivated maneuvers designed for the upcoming midterms.
"President Trump only acts in the best interests of the American public," said White House Spokeswoman Kayleigh Kelly.
Republican leaders have warned that a shifting majority would alter the focus of congressional committees toward targeting administration allies and donors.
"You gotta win the midterms, because if we don't win the midterms, it's just gonna be … I mean, they'll find a reason to impeach me," said Trump.
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House Speaker Mike Johnson recently told supporters that a Democratic victory would transform every congressional committee into an active investigative body focused on Trump's platform.
