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Democrats Ask Treasury to Provide Report on Trump's Crypto Ventures

Democrats in the House are asking for 'suspicious activity reports' on Trump's various crypto efforts.
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May 14, 2025 • 1 min read

Democrats requested reports on Trump-backed crypto projects over bribery and corruption concerns, amplifying political scrutiny on crypto ventures, The Block reports.

What’s the Scoop?

  • Suspicious Activity Reports Requested: House Democrats formally requested all suspicious activity reports (SARs) concerning Trump-backed crypto projects, raising concerns over possible financial misconduct.
  • Justin Sun's Ties Highlighted: Democrats allege Justin Sun invested $75 million in World Liberty Financial tokens, drawing SEC attention and concerns over potential impropriety.
  • Treasury's Role in Question: Democrats aim to pressure the Treasury and its Trump-era appointed Secretary, Scott Bessent, to provide increased transparency regarding crypto-related activities.

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