American Democrat MPs have sent a letter to the American Treasury, seeking access to the suspected activity report (SARS) on trump-supported crypto projects as part of the latest investigation into the President’s digital undertakings.
May 14 letter was given by representative Gerald Konoli, Joseph Morel and Jamie Ruskin Call Treasury Secretary Scott Bassant for all SARS filed since 2023 World Liberty Financial (WLF) and official trump (Tusrap) Token.
Financial institutions in america Sure Financial offense enforcement network, file sars with a bureau within the Treasury Department, when they detect suspected activity, including potential money laundering or fraud.
Comprehensive investigation asks for any SARS referring to Wine, America PAC, Elon Musk, Political Action Committee, PAC, Trump, World Liberty Financial, WLF, Trump, Trump. Melonia And Justin Sun, not from May 30 later.
Democratic MP Tell Their investigation is “to determine that the campaign is required to prevent the violation of Finance, Consumer Protection, Bribery, Fraud of securities, and other anti -corruption laws” and to protect against “financial misconduct associated with future or current federal officials”.
Democrats argue that WLF and Trump coins can be misused
As part of the letter, MPs argue that WLF can be misused as “vehicles for foreign influence pedaling” because it was part of their token sales for foreign investors, which “generally subject to less rigid regulation than American investors.”
Justin Sun Investment in WLF And later SEC case stop It has been alleged that the Crypto entrepreneur has broken the securities laws, it has also been marked as a concern.
Trump token At the same time, the MPs have also come up with the argument in their letter that the identity of the coin buyers is not publicly disclosed, which can open the door to buy the coins to “favor curry with Trump” for bad actors.
At the same time, Sars related to Republican Digital Funding Wine, Alon Musk’s super PAC, who put $ 250 million in Trump’s election campaign, and two other PACs are being sought.
Connected: Trump -owned truth social denies, it is launching a memecoin
The attempt is the latest Democrat led Salvo against Trump’s crypto ventures.
A group of Democratic Senators allegedly sent a letter to the leadership of the US Justice Department and Treasury Department Expressing concerns about Trump’s relationship According to a Bloomberg report on 9 May, Crypto exchanged possible conflicts of interest in regulating the industry.
American Democratic MPs also Started a multi-angle attack On 6 May, target Trump’s ability to benefit from his crypto initiative with two bills of Trump and a subcommittee inquiries.
magazine: Trump’s crypto venture enhances conflict of interests, Insider Trading Questions
