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Two U.S. Senators are pressing the Department of Justice and the Treasury to investigate a crypto company closely tied to the family of U.S. President Donald Trump over alleged links to illicit actors in North Korea and Russia.
In a letter on Tuesday, U.S. Senators Elizabeth Warren, D-Mass., and Jack Reed, D-R.I., minority members on the Senate Committee on Banking, Housing, and Urban Affairs, raised concerns that World Liberty Financial, a crypto firm heavily owned and run by the Trump family, may pose national security risks.
The letter — obtained exclusively by CNBC and addressed to Attorney General Pamela Bondi and Treasury Secretary Scott Bessent — argued that World Liberty Financial lacks adequate safeguards to prevent bad actors from moving funds or gaining influence over its governance.
The senators cited a September report from a 501(c)(3) nonprofit corporate watchdog called Accountable.US, which said World Liberty Financial had sold its $WLFI tokens to “various highly suspicious entities.”
