The highest Senate democrat investigating corruption and bad management calls into question the recent cryptocurrency activities of US President Donald Trump, causing concern that they could be part of the “Play-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to-to- to the provider.
Richard Blumenthal, Senate's Permanent Democrat in Sub -Security and Government Affairs Committee Sub -Committee, Sent letters Tuesday to Bill Zanker Fight Fight Fight LLC and Zach Witkoff, co -founder of World Liberty Financial.
The Senate panel explores the cryptov -related cryptov in order to get potential conflicts of interest
These letters included inquiries about the possession and investment structure of several Trump-related units, including the Fight Fight Fight LLC (behind the Trump Meme Coin), CIC Digital LLC (which released Trump NFT and fellow Fight Fight Fight Fight), Celebration Cards LLC (More Trumps) Operations (which guides) (which controls), DTTM Operations (Economic) (DTTM Operations) (Economic). Associations.
According to the letters, the Permanent Subsistence of Research shall conduct a preliminary investigation on possible interests and legal violations, which include President Trump's cryptocurrency activities and financial transactions of foreign citizens, foreign governments and other cryptocurrency companies.
The letters claimed that these companies could “enable government ethical needs” and asked companies' executives several questions.
These included inquiries about how companies block investment of foreign governments, earn their income, and whether the accused of participating can participate. In addition, letters requested documents related to Trump -related crypto companies.
Democrats reject as Trump's cryptocurrency calls for legislative resistance
As Democrats are currently in the Senate minority, Blumenth has no power of the summons unless his Republican elder Ron Johnson agrees to support the efforts. A spokesman for Johnson did not immediately respond to the commentary request.
Democrats have been alarmed in recent days over Trump's crypto companies. Earlier tuEsday, representative Maxine Waters, who runs his party's Economic Services Committee, challenged a joint hearing on the Agricultural Committee of the House to deal with market structural legislation and instead organized its own court hearing, focusing on these cryptos.
Sen. A statement from Ruben Gallego and several other Democrats, showing that they do not support the Senate's stable bill, seems to be related to Trump's crypto activities. In particular, Eric Trump's announcement is that the investment firm MGX in Abu Dhabi uses the USD1 Stablein -related USD1 Stablein to close Binance, a $ 2 billion investment, has been concerned.
In addition, the elder Chris Murphy submitted a bill on Tuesday to ban the US President and other government officials from the issue of a meme or other financial assets.
Trump's expanding cryptov ventures cause concern about transparency and stranger's influence
Donald Trump, who had previously criticized the cryptocurrency as president, has since adopted the space of digital property through various ventures. His financial participation in the crypto world has been significantly expanded with the later confirmation of the Trump Memes Coin Project in 2022 with the existing Sales of NFTs. Although investments seem to be related to the monetization of brands, companies are disputed because they are non-E-E-Easter and are related to foreign investors.
The study of the Senate focuses on several units related to Trump's digital property. These units jointly represent a network of financial and advertising tools that have been studied by their foreign funding and political influences.
The question of the investigation is whether these cryptocurrency companies could allow for influence or foreign interventions in American politics. Legislators are afraid that, without proper supervision, such activities could violate US ethics laws and allow competition units to receive the back door access to the future Trump presidency.
Government ethical rules prohibit federal officials in favor of their positions or the use of their trademark in a manner that could lodge conflicts of interest. If Trump's cryptov activities are found to be accepting investments from abroad or allowing persons under legal control, this may cause a significant legal and political decline.
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