The top house Democrats sent a letter to the US Finance Ministry on Wednesday and asked for the money laundering of watchdogs to be asked to hand over all suspicious activity reports (SARS) tied to President Donald Trump’s crypto -ventures.

In A Late to Treasury Secretary Scott Bessent, Reps. Gerald Connolly (D-VA.), Joe Morelle (DN.Y.) and Jamie Raskin (D-MD.)-The Ranking Members of the House Oversight, Administrative, and Judiciary Committees-Called for an Urgent Investigation Into Trump’s Blockchain Project World Liberty and the $ Trump Memecin, Citing POSSIBLE VIOLATIONS OF CAMPAIGN Finance Laws, bribery provisions and securities rules.

“The committees are looking to decide whether the legislation is necessary to prevent violation of campaign financing, consumer protection, bribery, securities fraud and other laws on corruption in the collection of candidates for federal office and federal office holders and to protect against misleading and the predator campaign collection practices that wrote foreign influence over federal officials and other financial relations, prospects or the current federal officials, ”the leading Democrats of the inhabitants written into a resident divided with Coindesk.

The request marks an escalation in congress investigation as to whether President Trump and his entourage abuse their positions of power in favor of their cryptic businesses. The Senate Democrats pointed to Trump’s crypto -ventures last week as part of their reason not to vote for promoting stablecoin legislation that previously saw Bipartisan support.

The query zeros not only about the Trump family’s launch of September 2024 by the World Liberty Financial and $ Trump Memecoin launched a few days before his inauguration, but also Elon Musk’s America PAC, and whether they use Trump’s name to request donations under false prerequisites.

Read more: The Senate Democrat says he looks at Trump’s crypto businesses