In short
- Democratic senator Richard Blumenthal has opened an investigation into the crypto companies of President Trump.
- Blumenthal has claimed that the launch of the Trump Meme Coin is unethical.
- President Trump has a number of digital assets companies that are used by Democrats.
Democratic senator Richard Blumenthal is investigating how President Donald Trump’s crypto business ventures may violate the federal laws.
US Senator Richard Blumenthal said Tuesday that President Trump MEME Munt launch And other crypto-industry companies represent “an unprecedented, pay-to-play schedule to give access to the presidency to the highest bidder.”
Blumenthal has announced that the permanent subcommittee of the Senate on investigations would open a preliminary investigation into the launch of the president’s cryptocurrency, OfficialTogether with Defi -Platform World Liberty Financial And the other digital assets interests of the president.
“Chillywarly, Trump allows and invites Trump, and even invites everyone in the world, including foreign governments and unscrupulous individuals, to enrich the president directly, while hiding potential payouts in the pseudonymity of the blockchain,” said blumental of the developer of the developer of the developer, he wrote to the developer of the developer of the developer, he wrote to the developer of the developer of the Development, he wrote to the developer of the Development, he wrote to the developer of the Development, he wrote to the developer of the Development, he wrote to the developer of the Devicestuy. Bill Zanker.
The new supreme commander prior to his inauguration in January launched a Solana-based meme-Munt called Official Trump Die acts as Trump– And it rose quickly in value before it crashed. It has now fallen by 85% compared to its peak price.
Democrats have claimed that the new supreme commander has benefited from the launch of the virtual coins, but the president has denied this and avoided questions about this.
The president is also associated with a decentralized financial project based on Ethereum, World Liberty Financial. Trump’s sons, Eric and Donald Jr., first announced The project last year, and the then Republican nominated nominated, promoted the project on social media prior to his election profit.
Decrypt in March reported That the president and his employees had taken around $ 390 million in income by promoting World Liberty Financial.
In April also President Trump announced A private dinner later this month in his golf club in Washington area for the top 220 holders of his meme-munt, plus a private reception and a tour of the White House for other investors.
The announcements have drawn anger of democratic legislators, who claim That promoting the meme -mint is corrupt. House Democrats walked out From a hearing on Tuesday about the upcoming legislation on crypto industry, because of complaints about the observed crypto conflicts of Trump.
President Trump campaign Prior to his victory in November to help the digital assets industry and support from crypto entrepreneurs and Silicon Valley Hotshots and members of the “PayPal Mafia”, including the current White House AI and Crypto Czar David Sacks and Tesla CEO Elon Musk.
Published by James Rubin
Daily debrief Newsletter
Start every day with the top news stories at the moment, plus original functions, a podcast, videos and more.
