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.