House Democrats Seek Treasury Reports on Trump’s Meme Coin, World Liberty Financial

In a Letter addressed to the US Treasury Secretary On Wednesday, Scott Bessent asked three prominent home Democrats from Treasury to provide access to all suspicious activities about activities or SARS, on a crypto endeavor of President Trump like Ethereum decentralized financial platform World Liberty Financial and Official coin from Trump.

A letter written by representatives of Gerald Connolly, Joseph Morelle and Jamie Rskin, requested the information Explore potential election fraud, corruption and foreign search for influence, among other concerns.

“We are writing about the potential abuse of certain politically oriented ventures for raising funds in false, corrupt or other illegal purposes,” the letter states, also identifying committees for political actions such as Trump Ally Elona Male Super Pac, America Pac.

Letter specifically calls for World Liberty Financial and President’s official Saltworks Meme Coin as projects that “caused countless concerns about potential bribe, influence, threats of national security, market manipulation and/or predatory and deceptive practices aimed at vulnerable Americans.”

Dressed in the section of Trump’s crypto endeavors, the longest part of the letter, is Wlfi Token Sales of Wlfi Financial, which initially lacked his goal of raising funds before being paid with millions of dollars in Purchase from the founder of the throne Justin Sun.

The sun, which is under the supervision of the SEC since 2023, Recently earned a break In this case, as a regulator and his advisor, they seek a potential decision on their case.

The letter also specifically mentions TRUMP and Melania meme coin, the former president has Personally promoted several times through social media.

“Since the identities of customers of coins do not have to publicly publish, there is no way to say who buys a coin, potentially allowing bad actors, including authoritarian governments and companies that control, to enrich Trump’s family,” the statement said.

The request seeks all the SARS submitted as soon as possible, but no later than May 30, seeking information submitted or related to transactions from January 1, 2023. The World Liberty Financial launched the sale of Token in October 2024, while Trump’s Meme Coin was launched this January.

The inspection of Trump and the personal relationships of his family with cryptocurrencies has grown late.

At the end of April Senators Elizabeth Warren (D-Ma) and Adam Schiff (D-Ca) SUPOTRIVED THE LETTER IN THE ETERICAL probe is sought In the president’s upcoming Gala dinner, which offered exclusive invitations for top -notch holders of his Solana Meme coin. Plus, earlier this month, Home Democrats went out Digital property hearing for the president’s comfort with cryptocurrencies.

“Enriching herself and his family, persuading investors, bringing them to the White House. It’s just too much,” said Maxine Waters Financial Services Committee (D-CA). Decipher at that time.

Edited Andrew Hayward