Investigation into Trump's Crypto Ventures

A Democratic lawmaker has urged the US House Committee on Oversight and Government Reform to look into whether President Donald Trump's involvement in cryptocurrency conflicts with his presidential responsibilities. Representative Gerald Connolly of Virginia raised concerns about Trump potentially profiting from his World Liberty Financial (WLF) platform and the Official Trump (TRUMP) memecoin, which could violate ethical standards and pose national security risks. Connolly highlighted the involvement of Tron founder Justin Sun, a foreign entrepreneur facing securities fraud charges, as the largest investor in WLF. He emphasized the need for the committee to enforce financial disclosure and conflict-of-interest checks to prevent foreign influence on US policy. The launch of the TRUMP memecoin before Trump's inauguration also raised ethical concerns. Connolly stressed the importance of upholding the Presidential Ethics Reform Act to ensure accountability and transparency in government.