"US Democratic Congressman Urges Ethics Investigation into Trump's Cryptocurrency Business"

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Summary

Congressman Gerald Connolly emphasized the need for a thorough investigation, pointing out the potential conflict between President Trump's cryptocurrency business and his duties.
He stated that President Trump might have profited from the related business, which could violate ethical standards.
He highlighted that the largest investor in WLFI, Justin Sun, CEO, has been indicted on securities fraud charges, warning of the risk of foreign capital interference.

*Source=Oversight Committee Democrats Capture*

A US Democratic congressman has called for a thorough investigation into President Donald Trump's cryptocurrency business.

According to Cointelegraph on the 22nd (local time), Democratic Congressman Gerald Connolly stated in a letter that President Trump's cryptocurrency business could conflict with his presidential duties and that the House Oversight and Government Reform Committee should thoroughly investigate the matter.

He continued, "President Trump may have already profited through World Liberty Financial (WLFI) and Official Trump (TRUMP)," adding that "this could violate ethical standards and pose a national security risk."

Congressman Connolly particularly emphasized that Justin Sun, the founder of TRON (TRX) and the largest investor in WLFI, has been indicted by the US Securities and Exchange Commission (SEC) on charges of securities fraud.

He pointed out, "Such investment relationships could lead to foreign capital interfering with US policy," and warned, "Ignoring this issue shows the American public that the Oversight Committee has no intention of upholding its own ethical standards."