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U.S. Senator Calls for Investigation into Trump's Crypto Project, Suspected of Ties to Illegal Actors from North Korea and Russia
BlockBeats News, November 18th, according to CNBC, two U.S. senators are urging the Department of Justice and the Department of the Treasury to investigate a cryptocurrency company closely associated with the U.S. President Trump's family, which is suspected of having ties to illegal actors in North Korea and Russia.
On Tuesday, U.S. Senators Elizabeth Warren (Democratic Party, Massachusetts) and Jack Reed (Democratic Party, Rhode Island), minority members of the Senate Banking, Housing, and Urban Affairs Committee, expressed concerns in a letter to Attorney General Pamela Bondi and Treasury Secretary Scott Bessent, stating that the cryptocurrency company World Liberty Financial, controlled and operated by the Trump family, may pose a national security risk.
According to a letter exclusively obtained by CNBC, the senators pointed out that World Liberty Financial lacks adequate security measures to prevent bad actors from moving funds or influencing corporate governance. The letter cited a report released in September by the 501(c)(3) nonprofit watchdog organization Accountable.US, stating that World Liberty Financial has sold its WLFI token to "various highly suspicious entities."
The watchdog organization stated that these entities include traders with connections to a notorious North Korean hacking group on the blockchain, a sanctioned Russian "ruble-supported sanctions evading tool," an Iranian cryptocurrency exchange, and the well-known money laundering platform Tornado Cash.
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