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US Lawmakers Question SEC Acting Chair About Trump’s Crypto Ventures In New Letter

  • Two Democrat US Lawmakers sent a letter to the SEC acting chair, Mark Uyeda, inquiring about President Donald Trump’s crypto businesses and potential conflicts of interest.
  • The lawmakers raised concerns about Trump's financial ties to the crypto industry through World Liberty Financial (WLFI) and its influence on the SEC's decision-making.
  • The letter referenced a Reuters investigation that claimed Trump Jr. and Eric Trump are directly affiliated with WLFI, with the potential to benefit up to $400 million from their crypto venture.
  • Senator Warren and Representative Waters requested the SEC to provide records and communications related to WLFI and the SEC's decision to pause its case against Tron founder Justin Sun.

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