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The Democratic Party of the United States has requested the Treasury Department to provide information on Trump’s encryption transactions, citing a risk of "bribery."
[The Democratic Party of the United States requests the Treasury Department to provide information on Trump’s encryption transactions, citing "bribery" risks] Major Democratic members of the House of Representatives sent a letter to the Treasury Department on Wednesday, requesting its AML regulatory agency to provide all Suspicious Activity Reports (SARs) related to Trump’s cryptocurrency projects. They accused Trump and his team of potentially abusing their power to benefit their cryptocurrency business, particularly involving Trump’s blockchain project World Liberty Financial and $TRUMP Memecoin. The letter mentioned that Democratic members called for an urgent investigation into Trump and his family’s World Liberty Financial launched in September 2024 and its related activities to assess whether there are violations of campaign finance, bribery, and securities regulations. This move marks an escalation of Congress's scrutiny of Trump’s cryptocurrency business, as Senate Democrats also did not advance stablecoin legislation last week due to Trump’s cryptocurrency projects.