"I'm more concerned now than ever, because he's not moving where he needs to move. And that is, we need to have him divest. He needs to get rid of his business interests, and he needs to put them in what's called a blind trust," Warren told Bloomberg TV on Wednesday.

Washington-based attorney Sheri Dillon said during Trump's Wednesday press conference that the president-elect would place his assets in a trust and give up management of the Trump Organization to his children.

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The move falls short of demands by Democrats, who have called on Trump to sell off any assets that could pose a conflict of interest and place them into a blind trust.

Dillon signaled that the Trump team believes the move isn't feasible.