🚨 Donald Trump-Linked Crypto Projects Face Regulatory Scrutiny 🚨
At the same time, there is growing regulatory attention on crypto ventures tied to President Donald Trump. On Capitol Hill, House Democrats are seeking records from the Treasury Department regarding suspicious financial activities involving Trump-related crypto efforts.
A letter sent to Treasury Secretary Scott Bessent requested access to suspicious activity reports (SARs) connected to Trump’s cryptocurrency projects. The letter was signed by leading Democrats from three major House committees.
Meanwhile, Movement Labs, which is backed by Donald Trump-affiliated World Liberty Financial (WLFI), is also facing criticism. Leaked documents suggest the project failed to disclose deals made with early investors, raising concerns about transparency. The price of MOVE, the project’s token, dropped more than 6% following these reports.
Lawmakers have pointed to possible conflicts of interest and are calling for further investigation. These developments come at a time when crypto-related political finance is under wider scrutiny from both federal regulators and watchdog groups.
