⚠ The US Senate has begun an investigation into Trump's crypto business

Senator Richard Blumenthal has initiated a preliminary investigation into cryptocurrency projects associated with the sitting president. He has sent letters to the leaders of companies Fight Fight Fight LLC, World Liberty Financial, and other affiliated entities.

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

Reasons for the investigation:

▪️ potential conflicts of interest

▪️ connections with foreign investors and governments

▪️ circumvention of government ethics requirements

▪️ involvement in schemes like "pay-to-access the president"

The focus is on meme coin $TRUMP , NFT platforms, as well as a $2 billion deal through the stablecoin $USD1.

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