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Democrat Gerald Connolly said that Donald Trump will not comply with "any provision" of the Presidential Ethics Reform Act. A Democratic lawmaker has called on the US House of Representatives Oversight and Government Reform Committee to investigate whether Donald Trump's cryptocurrency projects conflict with his presidential duties.
“Trump is likely already profiting from his World Liberty Financial (WLF) platform and Official Trump (TRUMP) meme coin, potentially violating ethical standards and creating national security risks.”, said Virginia Representative Gerald Connolly in a Jan. 21 letter to the committee's Republican chairman, James Comer.
Trump's WLF is "particularly troubling" to the Democrat because its largest investor, Tron founder Justin Sun, is a foreign entrepreneur who has previously been charged with securities fraud by the Securities and Exchange Commission (SEC).
Sun previously invested $75 million in World Liberty by purchasing its token, which, according to Connolly, could be the basis for corrupt actions between them.
"Allowing such practices to continue unchecked would signal to the American people that the Oversight Committee is unwilling or unable to enforce the standards it claims to uphold.", — Connolly is confident.
Let us remind you that American pastor Lorenzo Sewell, who read a prayer at the inauguration of the new US President Donald Trump, created a cryptocurrency that promised to be a new breakthrough in the world of meme coins. However, the value of the token decreased by almost 100% in a short time, causing significant losses to investors.
Democrat Gerald Connolly said that Donald Trump will not comply with "any provision" of the Presidential Ethics Reform Act. A Democratic lawmaker has called on the US House of Representatives Oversight and Government Reform Committee to investigate whether Donald Trump's cryptocurrency projects conflict with his presidential duties.
“Trump is likely already profiting from his World Liberty Financial (WLF) platform and Official Trump (TRUMP) meme coin, potentially violating ethical standards and creating national security risks.”, said Virginia Representative Gerald Connolly in a Jan. 21 letter to the committee's Republican chairman, James Comer.
Trump's WLF is "particularly troubling" to the Democrat because its largest investor, Tron founder Justin Sun, is a foreign entrepreneur who has previously been charged with securities fraud by the Securities and Exchange Commission (SEC).
Sun previously invested $75 million in World Liberty by purchasing its token, which, according to Connolly, could be the basis for corrupt actions between them.
"Allowing such practices to continue unchecked would signal to the American people that the Oversight Committee is unwilling or unable to enforce the standards it claims to uphold.", — Connolly is confident.
Let us remind you that American pastor Lorenzo Sewell, who read a prayer at the inauguration of the new US President Donald Trump, created a cryptocurrency that promised to be a new breakthrough in the world of meme coins. However, the value of the token decreased by almost 100% in a short time, causing significant losses to investors.
