#MEMEAct

⚡ The Senate is investigating President Trump's cryptocurrency projects ⚡

» Trump Coin and World Liberty Financial face Senate scrutiny:

* Messages sent on May 6 were directed to Bill Zanker of Fight Fight Fight LLC, the entity behind the meme TRUMP coin, and Zach Witkoff, co-founder of the Trump-backed WLFI project.

“The Permanent Investigations Committee (“PSI” or “subcommittee”) is conducting a preliminary investigation into potential conflicts of interest and legal violations from President Trump's digital currency projects,” as stated in the messages.

* The investigation comes in response to growing concerns that both companies may facilitate violations of government ethics rules.

* Reports indicate that WLFI and Fight Fight Fight LLC may have engaged in questionable practices.

* This includes enabling foreign governments and individuals under federal investigation to invest in their operations.

* These activities could also violate the Foreign Emoluments Clause of the U.S. Constitution.

* The clause prohibits U.S. officials from accepting payments or gifts from foreign governments without congressional approval.

* Starting with the TRUMP digital coin from Fight Fight Fight LLC, the letter confirmed that the meme coin saw a significant increase in value after President Trump's endorsement. However, it soon collapsed.

» Senator Murphy criticizes Trump’s cryptocurrency as “corrupt” and “unethical.”