Crypto Skyptic US Senator Elizabeth Warren has led a letter to the currency controller’s office, expressing concern over Trump’s family’s crypto business interests.
Warne, along with Senators, along with Chris Vaun Hallon and Ron Weden, said in a letter to OCC chief Jonathan Gold on Thursday that he was “worried about the continued use of cryptocurrency business plans to write Trump and his family’s own pockets.”
He requested information about the OCC’s actions to ensure that President Donald Trump’s “financial conflicts of interest will not affect the OCC’s efforts to ensure that our banking system will be protected and stable.”
Trump and his families have joined several crypto businesses, including a crypto mining firm and a trading platform that has launched the stabcine.
The three senators were concerned about the recently approved Establishment Laws, the Genesis Act, which appointed the OCC as the main regulator for Stable Queens.
The letter writes, “In particular, the bill does nothing to prevent President Trump, his family, or his affiliates from taking advantage of their use in the launch and sales and transactions of stabilizes.”
Trump Family Stabonic Under Checking
In March 2024, the Trump Family’s dedicated finance platform World Liberty Financial announced the launch of a USD1, a USD1.
Senators say in the letter that Trump’s family’s personal wealth is “complicated” with the success of USD1 and his other cryptocurrency plans, adding that President Trump has the authority to “directly affect the country’s cryptocurrency policy for his financial gain.”
“The start of the Stubborn is directly tied to a sitting president who stands to take advantage of the success of Stabonon. It itself is an unprecedented dispute of the interests of presenting important risks to our financial system.”
USD1 a “wonderful model for corruption”
The letter also highlights a $ 2 billion deal, where the UAE firm MGX will invest in the Crypto Exchange binns using the USD1, called “an amazing model for corruption” because the contract could make Trump’s family “potentially a result of hundreds of millions.”
Related: Eric Trump: USD1 will be used to invest b 2b mg x in binns
Senators used the matter with the USD1, which they called “a foreign government -backed agency (MGX) and a foreign corporation, which acknowledged criminal violations of US anti -money laundering and sanctions laws (binns).”
According to reports, Binins also helped to create a power -giving code of USD1.
The demands of the answers
The letter asks Gold whether he believes that Trump can “eliminate him” with his happiness and what he will resign Gold and will provide evidence to the Congress if pressed.
He also asked if the OCC would launch an investigation into the global Liberty’s rivals, demanding responses by August 14.
The Trump Family Stable Queen USD1 is ranked seventh globally, ahead of PayPal and Ripal Establishment. According to Congico, its market capitalization is $ 2.17 billion.
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