Trump’s Cryptocurrency Ventures Prompt Ethics Investigation by US Lawmaker
US Representative Gerald Connolly has called for an ethics investigation into Donald Trump's cryptocurrency ventures. Key points include:
- Concerns over potential conflicts of interest related to Trump's involvement with World Liberty Financial (WLF) and the "TRUMP" meme coin.
- Connolly's inquiry focuses on whether these activities violate ethical standards, potentially compromising national security.
- Justin Sun invested $30 million in WLF tokens, raising questions about financial ties to Trump and possible ethical breaches under the Presidential Ethics Reform Act.
- The TRUMP meme coin surged to a valuation near $40 billion but has since fluctuated, trading around $37.93.
- Critics warn that the TRUMP coin could facilitate anonymous transactions, evading national security laws and benefiting Trump's circle.
- Concerns also extend to quid pro quo arrangements involving Trump's financial dealings.
- Connolly emphasizes the urgency for an investigation to safeguard ethical governance and transparency.