The leading Senate Democrat in a panel duty to investigate corruption and mismanagement examines recent Crypto activities by US President Donald Trump and if they are part of a “pay-to-play scheme to provide access to the presidency to the highest bidder.”
Richard Blumenthal, Democrat’s rank in the Senate Permanent Subcomm Committee on Investigations – a panel placed inside the Committee on Homeland Security and Government Affairs – wrote letters on BILL ZANKER OF FIGHT FIGHT FIGHT LLC and Zach Witkoff, a co-founder of World Liberty Financial On Tuesday, asking them a series of questions about the ownership and investment structure for Trump-related creatures, including the Fight Fight LLC (the company behind Trump Memecoin), CIC Digital LLC (which released the NFTs of Trump and co-owns fight fight), Cards LLC Cards LLC (another entity of Trump’s Rights Out NFTS) and DTTM Operations LLC (where Trump’s IP’s rights) ,. Its associated creatures.
“The permanent subcomm Committee on Investigations conducts an initial questioning of potential conflicts of interest and violation of law from foreign government Trump and other cryptocurrency companies,” the letters both said, with a pointing to World Liberty Financial and the other $ Trump Memecoin.
Letters say businesses “can enable violations of government ethical requirements,” before posing for many questions for their companies executives.
These questions include asking how companies recognize or block investments from foreign governments, how much income they have developed and whether individuals who face persecution or investigation may participate.
Letters also ask for executives to make notes tied to Trump -related businesses.
Since Democrats are currently a party minority in the Senate, Blumenthal has no subpoena power unless his republican Sen. Ron Johnson, also signed up. A speaker for Johnson did not immediately return a request for comment.
Democrats sound alarming to Trump’s crypto businesses in recent days. Earlier this Tuesday, Rep. Maxine waters, who lead her party at the House Financial Services Committee, objected to a joint hearing The House Agriculture Committee included to meet market structural law and instead hosted his own hearing dedicated to these crypto tie-ups.
A weekend statement from Sen. Ruben Gallego and a number of other Democrats who say lawmakers will not vote for the Senate bill It’s like a stem too From Trump’s crypto ties-especially Eric Trump’s announcement that the Abu Dhabi investment will use MGX’s Firm Based on USD1 Stablecoin to close a $ 2 billion investment in Binance.
Chris Murphy Also introduced a bill Tuesday will prohibit the US president and other government officials from the release of memecoins or other financial ownership.
