World Liberty Financial, a major cryptocurrency enterprise of the Trump family, is actively investing in Web3 companies. Recently, the firm made a $1.5 billion deal with Alt5 Sigma to support the WLFI token strategy and invited the company to ring the Nasdaq bell with them. However, today it is reported that the SEC is investigating this partner of the Trump family:
This report came from The Information, claiming that the SEC is investigating Alt5 Sigma and its president, rather than the Trump family. Given that the Commission's enforcement capabilities have diminished due to Trump's campaign against crypto enforcement, this investigation is surprising.
It is unclear what the outcome will be or what exactly the SEC is examining. The situation is rapidly changing.
