House Democrats Seek Treasury Reports on Trump's Meme Coin, World Liberty Financial
Three House Democrats requested access to all suspicious activity reports (SARs) related to President Trump’s cryptocurrency ventures, including World Liberty Financial and the TRUMP meme coin. The letter raised concerns about potential election fraud, corruption, and foreign influence. It highlighted issues such as bribery, market manipulation, and deceptive practices targeting vulnerable individuals. The WLFI token sale, initially underperforming, received significant investment from Tron founder Justin Sun, who is currently under SEC scrutiny. The letter emphasized the anonymity of coin purchasers, which could allow bad actors to benefit financially from Trump’s projects. The request seeks SARs from January 1, 2023, to present, with a deadline of May 30. Recent scrutiny of Trump’s connections to crypto has intensified, with calls for ethics investigations into fundraising activities linked to his meme coins.
