Senate Democrat Investigates Trump-Linked Crypto Projects Over Potential Ethics Breaches
Senator Richard Blumenthal has initiated a preliminary investigation into cryptocurrency ventures connected to former President Donald Trump, citing possible conflicts of interest and legal violations. The inquiry focuses on Fight Fight Fight LLC and World Liberty Financial, companies linked to the $TRUMP memecoin and USD1 stablecoin.
Blumenthal’s letters seek clarity on ownership structures, financial dealings, and measures to prevent foreign influence. The probe highlights increasing regulatory scrutiny of political figures’ involvement in crypto as the legal landscape continues to evolve.