**House Democrats Request Treasury Review of Trump Family's Crypto Ventures**

Leading House Democrats have called upon the U.S. Treasury to release suspicious activity reports (SARs) related to former President Trump’s involvement in cryptocurrency. They aim to scrutinize potential misuse of political fundraising, influence-peddling, and other illicit activities connected to the Trump family’s crypto projects.

In a letter addressed to U.S. Secretary of the Treasury Scott Bessent, Representatives Gerald Connolly, Joseph Morelle, and Jamie Raskin requested comprehensive access to SARs concerning Trump’s association with Ethereum-based World Liberty Financial and the TRUMP meme coin on Solana. The intent is to investigate possible election fraud, corruption, and foreign interference.

The letter explicitly mentions entities such as World Liberty Financial and the TRUMP meme coin, both of which have generated significant concerns. Allegations include potential bribery, market manipulation, national security threats, and deceptive practices targeting vulnerable individuals. The World Liberty Financial’s WLFI token sale, which fell short of its goal until substantial investments from Tron founder Justin Sun, was particularly highlighted.

Concerns were raised about the opacity of coin purchaser identities, suggestive of opportunities for bad actors or authoritarian regimes to exploit these ventures for financial gains, potentially enriching the Trump family. These Democrats seek SARs for transactions dating from January 1, 2023, to the present, and have set a deadline of May 30 for the Treasury to provide the requested information.

The scrutiny of Trump’s crypto dealings has intensified recently. In late April, Senators Elizabeth Warren and Adam Schiff requested an ethics probe into an upcoming gala dinner that offered exclusive invitations for significant holders of Trump's Solana meme coin. Moreover, earlier in the month, House Democrats exited a hearing on digital assets in protest of the former president’s alleged influence within the crypto space. As articulated by Rep. Maxine Waters, the Trump family's practices in the crypto world, perceived to be designed to enrich themselves, were overwhelming for lawmakers.

These investigations are unfolding as the Democrats examine whether the former president's crypto engagements were ethically and legally sound, especially given the high stakes of political integrity and national security.