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Democrats ask SEC to preserve records related to Trump’s crypto business, probing conflicts

JD_co
in Off-Topic
https://www.reuters.com/sustainability/boards-policy-regulation/democrats-ask-sec-preserve-records-related-trumps-crypto-business-probing-2025-04-02/



Democrats question Trump's influence on SEC via World Liberty Financial

Summary:
-Trump family controls 75% of World Liberty's token revenues
-SEC's crypto task force led by pro-crypto Commissioner Peirce
-Democrats seek SEC records on Trump's crypto ties

WASHINGTON, April 2 (Reuters) - A pair of top Democratic lawmakers asked the U.S. securities regulator on Wednesday to preserve records related to President Donald Trump’s crypto venture World Liberty Financial and posed questions about potential conflicts of interest.
In a letter sent to acting Securities and Exchange Commission Chairman Mark Uyeda, seen by Reuters, lawmakers requested information to “help us better understand the extent to which the Trump family’s financial interest in World Liberty Financial may be influencing your and the Commission’s activities.”

Comments

  • Observant1
    Interesting development.
    Will the SEC comply with this request?
  • JD_co
    Not sure anybody is home at the SEC. It would be nice to think that there's a sheriff in town, but I doubt it.
  • CrashCrash
    JD_co said:

    Not sure anybody is home at the SEC. It would be nice to think that there's a sheriff in town, but I doubt it.

    Or else, the request from the Dem. lawmakers will simply be ignored. It works. The Orange Hole has proven that.
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