US Lawmakers Warn SEC Of Conflict Of Interest Over Trump Family’s World Liberty Financial
Democratic lawmakers warned the Securities and Exchange Commission (SEC) about a conflict of interest in its regulation of the Trump family’s DeFi project, World Liberty Financial (WLF). Senators Elizabeth Warren and Maxine Waters asked Acting SEC Chari Uyeda in an April 2 letter to safeguard and hand over information related to the Trumps’ WLF project to Congress. They said the information would help them better understand whether the conflict of interest may be interfering with the SEC’s mission ”to pro tect investors and maintain fair and orderly markets.” Lawmakers Claim Trump Crypto Ventures Present A Conflict Of Interest “The Trump family’s financial stake in World Liberty Financial represents an unprecedented conflict of interest with the potential to influence the Trump Administration’s oversight — or lack thereof — of the cryptocurrency industry,” Warren and Water wrote in the letter. They claimed that th...