US Anti-Crypto Lawmakers Request SEC to Submit Information on World Liberty Financial
Summary
- US lawmakers have reportedly requested the SEC to investigate the relationship between World Liberty Financial (WLFI) and the Trump family.
- They expressed concerns that the Trump family’s financial involvement with WLFI could lead to a conflict of interest.
- It was pointed out that this conflict of interest could affect the Trump administration's regulation of cryptocurrencies.
US lawmakers known for their opposition to cryptocurrencies have raised strong concerns with the Securities and Exchange Commission (SEC) regarding World Liberty Financial (WLFI).
According to Cointelegraph on the 3rd (local time), Senator Elizabeth Warren and Democratic Party's top official Maxine Waters sent a letter to Acting SEC Chairman Mark Uyeda, requesting to "reveal the relationship between World Liberty Financial and the Trump family and submit related materials to Congress."
They pointed out that the Trump family is financially involved with WLFI, and this conflict of interest could influence the Trump administration's regulation of the cryptocurrency industry. In the letter, the two lawmakers argued that "there is an incentive for the Trump administration to take a crypto-friendly stance with federal agencies, including the SEC, for the benefit of the president's family."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
