Crypto Firm
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Senators Demand Investigation into Trump Crypto Project Over Alleged North Korea, Russia Ties
U.S. Senators Warren and Reed are urging investigations into World Liberty Financial (WLF), a crypto firm with Trump family ties, citing potential links to illicit actors in North Korea and Russia. Concerns stem from a report alleging WLF’s tokens were sold to entities connected to sanctioned groups. Senators highlight the Trump family’s significant financial stake in WLF, raising conflict of interest concerns and questioning the adequacy of WLF’s anti-money laundering controls and its expansions. Congress has been asked for enforcement actions by December 1st.
