Trump Crypto Ventures Face Scrutiny, Democrats Demand Treasury Reports


House Democrats have asked Treasury Secretary Scott Bessent to provide all suspicious activity reports related to President Trump's cryptocurrency ventures.


The letter specifically requests information on World Liberty Financial and Trump-branded #memecoins.


Democrats cited concerns about "bribery, corruption, and conflicts of interest" as justification.


The request highlighted Justin Sun's $75 million investment in WLF, noting the SEC's subsequent pause on enforcement action against him.


Rep. Ritchie Torres recently introduced legislation to block presidents from "profiteering" on #stablecoins.


The controversial use of USD1 stablecoin for a $2 billion deal has intensified political scrutiny.

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May 14, 2025 at 10:12 PM
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