Senator Elizabeth Warren and Representative Maxine Waters have formally requested transparency from the U.S. Securities and Exchange Commission (SEC) concerning potential conflicts of interest involving President Donald Trump’s family and their ties to World Liberty Financial (WLF), a cryptocurrency firm. The lawmakers cited concerns that the Trump family stands to gain up to $400 million from token sales and noted reports of possible preferential treatment by the SEC. Of particular concern is the SEC’s sudden decision to halt its enforcement case against crypto figure Justin Sun, who had heavily invested in WLF shortly before the agency’s shift in stance, the lawmakers explained. Warren and Waters urged the SEC to preserve all communications related to WLF and to clarify whether Trump’s financial interests are influencing regulatory decisions. “The federal government should work for the American public,” they emphasized, calling for a full accounting of any safeguards in place to prevent undue influence on crypto policy enforcement.
Source: Bitcoin
