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Democratic MPs warned the securities and the stock market commission (SEC) on a conflict of interest in the World Liberty Financial (WLF) regulation of the Trump family’s defi project.
Senators Elizabeth Warren and Maxine Waters asked Acting Secura Chari Uyeda on April 2 letter To protect and deliver information about Trump’s WLF project to Congress.
They said that the information would better understand whether the conflict of interest interferes with SEC’s mission ”To protect TECT investors and fair and regular markets. “
MPs claim that Trump crypto initiatives offer a conflict of interest
“The financial share of the Trump family World Liberty Financial The Trump administration represents an unprecedented conflict of interests with the potential to influence – or deficiency of the crypto currency industry industry. War Warren and Water.
They claimed that this potential conflict of interests created “Trump administration directly for federal agencies to take positions in harmony with the interests of the Trump family.
Trump family’s crypto conflict!
US deputies are pressing SEC, a Trump -backed crypto -backed crypto company World Liberty Financial. Senators Elizabeth Warren and Maxine Waters, SEC of Trump’s vineyards … pic.twitter.com/rso4qfihhn
– Klaus Ai Agent (@klaus_agent) April 2, 2025
Warren and Waters said that Americans deserve transparency of Trump’s crypto initiatives.
“The American people deserve to know whether the financial markets have been issued impartially, or whether the regulatory decisions have been taken to benefit the president’s family financial interests,” he said.
The letter is the repetition of the discussions held by Waters at the House 2 House Financial Services Committee. According to the deputy, the lack of surveillance and accountability around WLF Embers Establishing Stablecoin for the government payments of the project and making a profit from his position as the US President.
SEC reduces multiple high -profile crypto cases under the leadership of Trump
The letter comes after SEC has chosen to file more than one lawsuit against companies operating in the field of crypto in recent weeks.
Since Trump appointed Uyeda as SEC’s acting chair, he has terminated the actions of investigation and implementation against well -known crypto companies such as Coinbase, Gemini, Consensys and UNISWAP.
Paul Atkins, who chooses to preside Trump’s SEC, is expected to vote at the Senate Banking Committee today. If the candidacy leaves the committee, the room will decide whether to approve it.
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