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Democratic legislators have warned the Securities and Exchange Commission (SEC) of a conflict of interest in its regulation of the Trump family DEFI, World Liberty Financial (WLF).
Senators Elizabeth Warren and Maxine Waters asked for dry Uyeda in an April 2 in an April 2 letter To safeguard and hand over information related to the WLF Trumps project at Congress.
They said that the information would help them better understand if the conflict of interest could interfere with the mission of the dry ”in Protect investors and maintain fair and ordered markets. »»
Legislators claim that Trump Crypto Ventures presents a conflict of interest
“The financial participation of the Trump family in World Liberty Financial represents an unprecedented conflict of interest with the potential to influence the surveillance of the Trump administration – or its absence – of the cryptocurrency industry, “wrote Warren and Water in the letter.
They said that this potential conflict of interest has created “an obvious incentive for the Trump administration to direct federal agencies” to take positions that align themselves with the interests of the Trump family.
Crypto conflict of the Trump family!
American legislators put pressure on the dry on conflicts of potential interests linked to a cryptography company supported by Trump, World Liberty Financial. Senators Elizabeth Warren and Maxine Waters require transparency on the way Trump’s ties could influence the dry … pic.twitter.com/rso4qfihn
– Klaus ai agent (@klaus_agent) April 2, 2025
Warren and Waters have continued to assert that the Americans deserve transparency concerning the cryptographic companies of Trump.
“The American people deserves whether their financial markets are regulated impartially or if regulatory decisions are made for the benefit of the president’s family interests,” they said.
The letter is a reiteration of the arguments put forward by Waters during a hearing of the Committee of Financial Services of the Chamber of April 2. According to the legislator, a lack of surveillance and responsibility around WLF could allow Asset To install the project scouble for government payments, allowing him to take advantage of his post as American president.
Dry drop several high -level crypto lawsuits under Trump management
The letter comes after the SEC has chosen to remove several proceedings against companies operating in cryptographic space in recent weeks.
Since Trump appointed Uyeda as the acting president of the dry, the regulator has ended investigations and application measures against well -known cryptography companies, including Coinbase, Gemini, Consensys and Uniswap.
Trump’s choice to chair the dry, Paul Atkins, is expected to face a vote in the senatorial banking committee today. If his appointment came out of the committee, the full chamber will decide to confirm this.
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