🚨🇺🇸BREAKING: U.S. #Senate Probes Trump’s Crypto Ties—Focus on WLFI and TRUMP Coin

🇺🇸Sen. Richard Blumenthal (D-CT), ranking member of the Senate Permanent Subcommittee on Investigations, has launched an inquiry into potential conflicts of interest related to former President Donald Trump’s crypto dealings.

Letters were sent to:

🔹World Liberty Financial (WLFI) — creator of USD1 stablecoin

🔹Fight Fight Fight LLC — operator of the TRUMP memecoin

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Concerns Raised:

🔹Allegations Trump financially benefited from both WLFI and TRUMP tokens.

🔹$TRUMP coin promotions like “Dinner with Trump” viewed as possible pay-to-play schemes.

🔹WLFI’s international investor outreach may pose national security risks, according to Blumenthal.

🔹Speculation that insiders profited from TRUMP token price volatility.

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Political Fallout:

🔹House Democrats boycotted a crypto hearing on Tuesday amid concerns over Trump’s involvement.

🔹Senate Democrats threaten to withhold support for the Genius Act (a stablecoin bill) unless it includes stricter AML and foreign entity clauses.

🔹Rep. Maxine Waters expressed alarm that “the President launched his own stablecoin,” referring to WLFI’s USD1.