🚨House Democrats Demand Probe into Trump’s Crypto Ventures: Alarming Concerns Raised
Three key House Democrats Joseph Morelle, Jamie Raskin, and Gerald Connolly are sounding the alarm over potential corruption tied to President Donald Trump’s crypto ventures. In a bold May 14, 2025, letter to Treasury Secretary Scott Bessent, they’ve demanded suspicious activity reports (SARs) on Trump-affiliated platforms like World Liberty Financial, $TRUMP and $MELANIA meme coins, alongside Republican fundraising site WinRed and PACs like Elon Musk’s America PAC.
Why the urgency? The lawmakers call Trump s crypto ties “unprecedented” and shocking,” warning of bribery, influence-peddling, and even national security risks. With no public disclosure of who’s buying these coins, they fear bad actors think authoritarian regimes or shady firms could be funneling money to the Trump family. The $TRUMP coin alone, launched pre-inauguration, has Trump-linked entities holding 80% of its supply, raking in millions in fees.
The Democrats want SARs dating back to January 1, 2023, by May 30, 2025, to uncover any market manipulation or deceptive practices targeting vulnerable Americans. This follows Senators Warren and Schiff’s earlier call for an ethics probe into Trump’s gala for $TRUMP investors, raising fears of pay-to-play access to the presidency. Trump’s stayed silent so far will he respond?
#CryptoRegulation #BinancePizzaVN #BinanceAlphaPoints #BinanceAlphaAlert
#TrumpCrypto #Transparencyu #Accountability
