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U.S. Democrats ask the Treasury Department to provide information on Trump's crypto transactions, claiming there is a risk of "bribery"

Internet reported that leading Democratic members of the U.S. House of Representatives sent a letter to the Treasury Department on Wednesday requesting its anti-money laundering watchdog to provide all suspicious activity reports (SARs) related to Trump's crypto project. They accused Trump and his team of possibly abusing their power to seek benefits for the crypto business, particularly involving Trump's blockchain projects World Liberty Financial and $TRUMP Memecoin. The letter mentioned that Democratic members requested an urgent investigation into Trump and his family's September 2024 launch of World Liberty Financial and related activities to assess whether there were violations of campaign finance, bribery and securities laws. The move marks an escalation in congressional scrutiny of Trump's crypto business, and Senate Democrats last week did not vote to advance stablecoin legislation because of Trump's crypto project.

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