Top Democrats demand Treasury information on Trump’s crypto deals, citing ‘bribe’ dangers
Top House Democrats sent a letter to the US Treasury Department Wednesday, asking the Laundering Money guardian to provide all the suspected Activity Reports (SARS) tied to President Donald Trump’s adventures.
In a letter sent to Treasury Secretary Scott Bessent, Reps. Bribery laws and security regulations.
“The committees seek to determine whether legislation is necessary to prevent violations of campaign finance, consumer protection, bribery, securities fraud, and other anti-corruption laws in connection with fundraising by candidates for the federal office and federal officeholders and to guard against the decetiz Fundraising practices, illicit foreign influence over federal officials, and other financial misconduct connected to prospective or current federal officials, ”the leading democrats on the committees wrote in a press release shared with CoinDesk.
The request marks an increase In the Congress investigation whether President Trump and his entourage are abusing their positions of power to benefit their crypto businesses. Democratic Senate taught Trump’s crypto adventures last week as part of their reason for not voting to advance the Stablecoin law that had previously seen Bipartisan support.
The inquiry was not only the launch of the September 2024 family of September 2024 of the World Liberty Financial and the $ Trump Memecoin launched the days before its inauguration, but also Elon Musk’s America PAC and whether they were using Trump’s name to ask for donations under false pretensions.
Read more: Senate Democrat says he’s looking at Businesses in Trump’s crypto
