Top Democrats Request Treasury Reports on Trump’s Crypto Ventures for Investigation
Top House Democrats have requested the U.S. Treasury Department to provide all suspicious activity reports (SARs) related to President Trump’s cryptocurrency ventures. The letter, addressed to Treasury Secretary Scott Bessent, was signed by Reps. Gerald Connolly, Joe Morelle, and Jamie Raskin.
The key points of the inquiry include:
- Investigation into Trump’s blockchain project World Liberty Financial
- Investigation into the $TRUMP memecoin
- Potential violations of campaign finance laws, bribery statutes, and securities regulations
- Assessment of legislation needs to prevent violations related to fundraising by federal candidates and officials
- Concerns over deceptive fundraising practices and foreign influence on federal officials
This request represents an increase in congressional scrutiny regarding possible misuse of power for personal gain in crypto businesses. Senate Democrats previously linked Trump's ventures to their decision not to advance stablecoin legislation with bipartisan support.