Donald Trump faces scrutiny as US Rep. Connolly calls for an ethics probe into his crypto ties, raising concerns over transparency and national security.
Donald Trump’s involvement in cryptocurrency ventures has sparked calls for a formal ethics investigation, led by US Representative Gerald Connolly. Concerns are growing over potential conflicts of interest and transparency issues surrounding Trump’s financial ties, particularly regarding his role in the crypto project World Liberty Financial and the launch of the TRUMP meme coin.
The coin, launched shortly before Trump’s inauguration, surged dramatically in value, reaching a fully diluted valuation close to $40 billion. Despite its initial success, its value has fluctuated, recently trading around $37.93. When asked about the coin, Trump appeared unfamiliar with its specifics, stating only that it was “very successful.” Critics argue that the TRUMP meme coin could be used to bypass national security and anti-corruption laws.
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