Richard Blumenthal sent letters to Fight Fight Fight LLC, standing behind the launch of Trump Memcoin, and Zach Witkoff from World Liberty Financial (WLFI) – cryptocurred carpeting platforms in a launched family family Trump. Blumenthal suspects that the president received financial benefits from WLFI and Trump Memcoid, so the subcommittee is studying if these cryptocurrency initiatives could violate federal laws.
Blumenthal fears that the launch of WLFI and Trump can violate government ethics and promote transactions with foreign citizens who are facing federal persecution. As for Trump’s connection with the WLFI platform, this puses a threat to US national security, since foreign governments and unscrupulous persons can become the project investors. Therefore, the Democrat requested Fight Fight Fight LLC and World Liberty Financial financial information from the companies and demanded that these companies have made potential interest conflicts.
In his letter, Blumenthal noted the strong volatility of the Trump Memboin, which was repeatedly subjected to sharp rise and falls. The senator suggested that from the launch of Trump tokens, a small group of insiders received significant profit. Blumenthal also criticized the idea of a gala dinner with Donald Trump, which 220 of the largest holders of tokens can get to. The invitation to an exclusive meeting is designed to increase the sales of tokens, since the interest of investors has already begun to fade away, Blumenthal noted.
“The financial involvement of President Trump in Trump tokens and attempts to use the White House to hold the competition for maintaining the value of Trump is nothing more than a scheme with payment for the game to provide access to the president to those who offer the highest price,” Blumenthal wrote.
Recently, the Senator Synthia Lummis (Cynthia Lummis) has also expressed concerns about the use of memecoons by officials. She called on the congress as soon as possible to develop a regulatory framework that would explain this issue.
Source: Bits
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