U.S. Democratic lawmakers have called for an investigation into potential conflicts of interest and national security risks associated with World Liberty Financial, a cryptocurrency project linked to the Trump family. In a letter to Treasury Secretary Bentsen, led by Representative Gregory Meeks, 40 members of Congress expressed concerns over a $500 million investment from the UAE royal family in the project. Meeks highlighted the potential implications for national financial stability and security.
The request for investigation coincides with World Liberty Financial's application for a national bank charter, which is under review by the Office of the Comptroller of the Currency. The lawmakers' letter underscores the need for scrutiny of the project's connections and financial dealings, particularly given its ties to the Trump family and foreign investors.
U.S. Lawmakers Urge Treasury Probe into Trump-Linked Crypto Project
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