House Democrats want ethics probe on Trump over crypto projects

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Democrat Representative Gerald Connolly said Donald Trump is unlikely to uphold a “single provision” of the Presidential Ethics Reform Act without intervention.

A Democrat lawmaker called on the US House Committee on Oversight and Government Reform to investigate whether President Donald Trump’s crypto ventures conflict with his presidential duties.

Trump may already be cashing in profits from his World Liberty Financial (WLF) platform and the Official Trump (TRUMP) memecoin, potentially breaching ethical standards and creating national security risks, Representative Gerald Connolly of Virginia said in a Jan. 21 letter to the committee’s Republican chair, James Comer.

Trump’s WLF is “particularly troubling” because its largest investor — Tron founder Justin Sun — is a foreign entrepreneur whom the Securities and Exchange Commission has charged with securities fraud, Connolly said.

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