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Memes

Democrats Demand U.S. SEC Probe Into World Liberty Financial

World Liberty Financial has raised over $500 million thus far, with Donald Trump's family securing a large portion through insider-favored governance terms. Democratic lawmakers have therefore urged the U.S. SEC to investigate potential conflicts of interest in Trump’s crypto dealings.

Haider Jamal
April 4, 2025

Trump Defenders

The White House and World Liberty Financial executives deny any conflicts of interest, with the latter criticizing Senator Warren’s opposition as politically motivated.

Source: X (@AmericanBTC)

Eric Trump explained the move followed backlash against the family business. He also stated that, with Republicans in control of Congress, many are naturally going to be against them every step of the way.

Looking Ahead

As World Liberty Financial pushes forward with its USD1 stablecoin, concerns about regulatory oversight continue to grow.

Debate continues over the stablecoin’s $1.6 billion reserve surge and potential new regulations under the GENIUS Act, among several other issues.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.