$TRUMP 🇺🇸 The US Senate has begun an investigation into Donald Trump's crypto business (source)

Senator Richard Blumenthal has initiated a preliminary investigation into cryptocurrency projects related to Donald Trump.

He has sent letters to the heads of companies Fight Fight Fight LLC, World Liberty Financial, and other affiliated entities.

Under suspicion:

— possible conflicts of interest

— connections with foreign investors and governments

— circumvention of state ethics requirements

— participation in schemes like "pay - gain access to the president"

In focus are the memecoin #TRUMP, NFT platforms, as well as a deal with MGX for $2,000,000,000 through the stablecoin #USD1.

Companies are required to provide documents regarding income, investors, and mechanisms for blocking suspicious investments.

Senator Richard Blumenthal is the senior Democrat on the US Senate Permanent Subcommittee on Investigations (PSI), which is part of the Committee on Homeland Security and Governmental Affairs.