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Democratic lawmakers have warned the Securities and Stock Exchange Committee (SEC) against conflicting interests in organizing the Trump family, World Liberty Financial (WLF).
Senate members Elizabeth, Warren and Maxine Waters asked acting letter To protect and deliver information related to the WLF project for TROMPS to Congress.
They said that the information will help them better understand whether conflict of interests may interfere with the SEC mission “for professionalsTective investors and maintain fair and organized markets. “
Legislators claim that Trump encodes projects provides conflicts in interests
“The financial share of the Trump family in The world is financial freedom Unprecedented conflict of interests with the ability to influence the supervision of the Trump administration – or its absence – represents the coded currency industry. “Warren Water wrote in the letter.
They claimed that this possible conflict of interests has created a “clear incentive for the Trump administration to direct federal agencies” to take positions in line with the interests of the Trump family.
The Trump family encrypted struggle!
American lawmakers are pressuring the Supreme Education Council due to the conflict of potential interests related to the Trump -backed Chefir Company, World Liberty Financial. Senate members Elizabeth Warren and Maxin require transparency water on how Trump’s relationships affect SEC … pic.twitter.com/rso4qfihn
– Klaus Ai (klaus_gent) agent April 2, 2025
Warren Waters stated that Americans deserve transparency regarding Trump encryption projects.
They said: “The American people deserve to know whether their financial markets are organized with integrity or whether organizational decisions are taken in favor of the family’s financial interests of the president.”
The message is a repetition of the arguments that the water provided at the hearing of the Financial Services Committee in the House of Representatives on April 2. According to the legislator, the lack of control and accountability can lead to WLF Trump To install Stablecoin for the project for government payments, allowing him to profit from his position as an American president.
SEC drops many prominent encryption claims under Trump’s leadership
The message comes after SEC chose to drop multiple lawsuits against companies operating in the encryption space in recent weeks.
Since Trump was appointed as the Acting President of SEC, the organizer has completed investigations and enforcement procedures against well -known encryption companies including Coinbase, Gemini, Consensys and UISWAP.
Paul Atkins, made by Trump, is expected to face a vote on the Senate Banking Committee today. If his candidacy moves outside the committee, the full room will decide whether to be confirmed.
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