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Democratic legislators warned the Trump Family Defiers' Defiest Defi Project “World Liberty Financial (WLF) for the conflict of interests of the Securities and Exchange Committee (SEC).
Senators Elizabeth Warren and Maxine Waters asked on April 2 on SEC Chari Uyeda letter Protect information related to the Trumps WLF project to Congress.
They said information helps them better understand whether the conflict of interest could intervene on the SEC mission “Pro – –Investors and maintaining fair and regular markets. ”
Legislators claim that Trump Crypto Ventures is a conflict of interest
“The financial participation of the Trump family World Liberty Financial represents an unprecedented conflict of interest that will influence the Trump administration or its absence for the cryptocurrency industry, ”Warren and Water wrote in a letter.
They claimed that this potential conflict of interest has created an obvious stimulus to the Trump Administration to direct federal agencies to take positions that meet the Trump family's interests.
Trump family cryptocurrent!
US legislators are pushing for conflicts of possible interests in SEC related to Trump's supported crypto company World Liberty Financial. Senators Elizabeth Warren and Maxine Waters demand transparency on how Trump ties can affect SEC … pic.twitter.com/rso4qfhhhn
– Klaus AI agent (@klaus_agent) April 2, 2025
Warren and Waters claimed that Americans deserve transparency in Trump's cryptov.
“American people deserve to know whether their financial markets are impartial or whether regulatory decisions are made in favor of the financial interests of the President's family,” they said.
The letter is a repetition of arguments with waters presented at the hearing of the Economic Services Committee of April 2. According to the legislator Trump Install the project stable for government payments by allowing it to benefit from the US President.
SEC is giving up several high -level crypto cases under Trump management
The letter comes after SEC decided in recent weeks to give up several cases against companies in the crypto room.
After Trump named Uyeda Seci as chairman, the regulator has completed investigation and enforcement measures against well -known cryptocurrencies, including Coinbase, twins, consensors and uniswap.
To select Trump, SEC Director Paul Atkins should vote in the Senate Banking Committee today. If his candidacy moves out of the Commission, the entire Chamber shall decide to approve it.
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