The leading Senate Democrat on a panel tasked with investigating corruption and incorrect management is to investigate US President Donald Trump’s recent crypto activities and whether they are part of a “payment-to-play scheme to give access to the presidency to the highest bidder.”
Richard Blumenthal, the ranking Democrat about the Senate’s regular Under Committee for Investigation-a Panel, located on the Committee on Homeland Security and Government Affairs wrote letters to Bill Zanker about Fight Fight Fight LLC and Zach Witkoff, a co-founder of World Liberty Financial Tuesday The Trump Paffa Systers, including combat match Liber Liberty Finansi Memecoin), CIC Digital LLC (who issued Trump’s NFTs and co-owner Fight Fight), Celebration Cards LLC (another device affiliated with Trump’s NFTs) and DTTM Operations LLC (which administers Trump’s Financial and its affiliated devices.
“The regular subcommittee for investigations conducts a preliminary investigation of potential conflicts of interest and violations of the law of President Trump’s Cryptocurrency -Ventures … and affiliated companies’ economic intercourse with foreign nationals, foreign governments and other cryptocurrency companies, Memecoin.
The letters continued to say that the companies “possibly enable violation of the government’s ethical demands” before asking a number of questions to the company’s respective managers.
These questions include asking how companies identify or block investments from foreign governments, how much revenue they have generated, and whether individuals facing prosecution or investigation can participate.
The letters also ask the leaders to produce items tied to the Trump-affiliated cryptic companies.
Because Democrats are currently the Minority Party in the Senate, Blumenthal has no subpoena unless his Republican colleague, Senator Ron Johnson, also signs. A spokesman for Johnson did not immediately return a request for comment.
The Democrats have sounded the alarm over Trump’s cryptic businesses in recent days. Earlier Tuesday opposite Rep. Maxine Waters, who leads her party in House Financial Services Committee, to a joint consultation with House Agriculture Committee to tackle market structure legislation and instead host his own consultation focused on these crypto-bonds.
A weekend statement from Senator Ruben Gallego and a handful of other Democrats saying that the legislators would not vote for the Senate StableCOin Bill, also appears to come from Trump’s Crypto-Tape-Ice-Ice offense from Eric Trump that Abu Dhabi-based investment company MGX would use the Trump Affilia Billion investment to Bidance.
Senator Chris Murphy also introduced a bill on Tuesday that would ban the US president and other senior officials from issuing Memecoins or other financial assets.