Dems seek suspicious activity reports linked to Trump crypto ventures
US Democratic lawmakers have requested access to suspicious activity reports (SARs) related to Trump-backed crypto projects, specifically World Liberty Financial (WLF) and the Official Trump token. The letter, sent to Treasury Secretary Scott Bessent, seeks SARs filed since 2023, mentioning various entities including WinRed and Elon Musk's PAC. The lawmakers aim to investigate potential violations of campaign finance and anti-corruption laws. Concerns have been raised that WLF could facilitate foreign influence due to its token sale to foreign investors. The anonymity of Trump token purchasers is also criticized for potentially allowing bad actors to influence Trump. Additionally, SARs related to Republican fundraising efforts and Trump’s connections to crypto exchange Binance are being pursued. This inquiry is part of a broader Democratic effort to scrutinize Trump's crypto ventures and their implications.
