- Lawmakers urge SEC to investigate Trump’s crypto project over potential conflicts of interest.
- WLFi’s USD1 stablecoin launch sparks regulatory concerns amid a $1.6 billion stablecoin surge.
Former U.S. President Donald Trump, known for his pro-crypto stance, has now ventured directly into the digital asset space.
His latest crypto project, World Liberty Financial, has already raised over half a billion dollars, with Trump’s family securing a significant portion of the funds through governance terms that experts say favor insiders.
Eric Trump recently revealed that he pivoted to crypto after the family business faced widespread backlash.
Lawmakers urge SEC to probe Trump’s crypto project
As expected, these sudden developments have caught the attention of top Democratic lawmakers, who have urged the U.S. Securities and Exchange Commission (SEC) to investigate potential conflicts of interest and preserve records related to Trump’s crypto dealings.
In a letter to acting SEC Cha...
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