Trump Family’s Cryptocurrency Stake in World Liberty Financial Sparks Warren & Waters SEC Conflict Allegations
COINOTAG News on September 2, citing the Financial Times, reported mounting scrutiny over the Trump family cryptocurrency involvement after lawmakers flagged a possible governance issue. U.S. Senators and Representatives, including Elizabeth Warren and Maxine Waters, wrote that “The Trump family’s financial stake in World Liberty Financial poses an unprecedented conflict of interest,” signaling heightened oversight concerns among policy stakeholders.
In their letter, Warren and Waters contend this stake provides a “clear motivation” for the administration to influence regulatory agencies such as the SEC toward a pro-cryptocurrency stance. The allegation frames the debate around potential regulatory capture and underscores calls for transparency and robust conflict-of-interest scrutiny in crypto policy formation.