U.S. Senators Elizabeth Warren and Jack Reed have urged the Department of Justice and the Treasury to investigate World Liberty Financial (WLF), a cryptocurrency firm with ties to the Trump family. The senators' request follows a report by Accountable.US, alleging that WLF sold its $WLFI tokens to entities linked to North Korean hackers, Russian sanctions evasion, and Iran-related exchanges.
The report highlights that Eric Trump, Donald Trump Jr., and Barron Trump are listed as co-founders of WLF, with DT Marks DEFI LLC, a Trump-affiliated entity, holding significant equity and receiving 75% of the token sale proceeds. The senators expressed concerns that these transactions could allow illicit actors to influence WLF's governance, posing potential national security threats.
U.S. Senators Call for Probe into Trump-Linked Crypto Firm
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