US Senator Criticizes Trump Family for Seeking Personal Gain through WLFI

US Senator Richard Blumenthal, who leads the Senate Subcommittee, has strongly criticized the cryptocurrency company 'World Liberty Financial (WLFI)' associated with the Trump family.

According to Decrypt on the 17th (local time), Senator Blumenthal stated, "WLFI has not responded to the Senate's basic inquiries," and pointed out that it is "trying to avoid the possibility of pursuing personal gain through foreign governments."

He emphasized, "The structure where President Trump could gain economic benefits or be influenced by foreign governments through WLFI poses serious ethical and security risks," and "We will demand the submission of documents to ensure transparency for the public."

Earlier this month, Senator Blumenthal sent an official inquiry to WLFI and its executives, investigating the connection with President Trump and his family, the company's share structure, the inflow of foreign capital, and potential violations of the Ethics Law and the US Constitution's foreign emoluments clause.

In response, WLFI stated, "The company thoroughly complies with all legal and regulatory obligations," and "Our mission is to pursue the democratization of financial accessibility." However, the company did not comment on President Trump's direct ownership, relationships with foreign governments, or the submission of requested documents to the Senate.