On May 15, U.S. House Democrats officially requested the Treasury Department investigate the Trump family's crypto project World Liberty Financial (WLF) and its suspicious fund activities related to MEME coins. Key points include: whether Justin Sun's $75 million investment in WLF is connected to the SEC lawsuit suspension, the compliance of WLF stablecoin USD1 in Binance's $2 billion transaction, and potential conflicts of interest involving Trump MEME coin holders attending a presidential dinner.
Democratic Representative Ritchie Torres proposed legislation last week to prohibit the president and congressional members from profiting through MEME coins. Senator Elizabeth Warren and others have demanded a review of Trump's relationship with Binance. The Treasury Department has not yet responded. (TheBlock)
