A watchdog group has called for an investigation into President Trump's involvement in a cryptocurrency deal valued at $25 million between his family's venture and a UAE firm. The deal raised alarms among transparency advocates, who warned it signifies potential corruption and misuse of presidential authority. The timing, aligning with the dissolution of the Justice Department's crypto enforcement unit, exacerbates concerns over foreign influence and national security. Observers stress the need for Congressional action to safeguard public interests amidst rising crypto dealings associated with Trump.
Accountable.US president Caroline Ciccone called for a probe of a recent transaction between World Liberty Financial - the Trump family's crypto venture - and the Abu Dhabi-based crypto firm DWF Labs.
Ciccone argued that the deal, inked just before the Trump administration disbanded the Justice Department's crypto enforcement unit, is emblematic of an unprecedented and rapidly worsening situation of the president of the United States using a web of Trump family crypto interests as his own personal mint while in office.
These kinds of arrangements could allow for the Trump family to sell out the interests of the American people to the highest bidder, whether foreign or domestic.
This is a five-alarm fire for potential corruption that could leave everyday Americans worse off, and Congress should act accordingly.
Collection
[
|
...
]