BlockBeats News, February 20 — According to CNBC, dozens of Democratic members of the U.S. House of Representatives sent a letter to U.S. Treasury Secretary Janet Yellen on Thursday, requesting an investigation into potential conflicts of interest and national security issues related to Trump family’s cryptocurrency project, World Liberty Financial.
The letter was led by New York Democratic Representative Gregory Meeks and co-signed by an additional 40 members. During a hearing, Meeks described Yellen as a “follower” of Trump and questioned the $500 million investment by a member of the UAE royal family in World Liberty Financial last year. In a statement released alongside the letter, Meeks said, “The $500 million transaction involving the Trump family and the UAE royal family not only concerns national financial stability but also involves serious national security implications.”
At the time of the investigation request, World Liberty Financial is applying for a national banking license. The license is reviewed and issued by the Office of the Comptroller of the Currency, an independent agency under the U.S. Department of the Treasury responsible for regulating banking institutions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
TRON received the "Web3 Leading Enterprise Award" at the SFFE2030 Summit, accelerating its move toward the core infrastructure of the AI era.
TRON received the "Web3 Leading Enterprise Award" at the SFFE2030 Summit, highlighting its infrastructure position in global digital finance and emerging industries. With stable coin settlement and efficient on-chain payment capabilities, TRON is expanding toward artificial intelligence economic infrastructure, focusing on future machine-to-machine (M2M) payment needs to drive further development of the digital economy.
動區BlockTempo18m ago
Aave founder: Aave has no risk exposure to Resolv's stablecoin USR
Aave founder Stani.eth stated that Aave has no risk exposure to Resolv's stablecoin USR, and collateral assets are secure. Resolv has begun an orderly exit and debt repayment, with no impact on Aave's liquidity providers or the protocol.
GateNews22m ago
Gemini’s AI Pivot: Can '100x' Productivity Offset a $585M Comprehensive Loss?
Crypto platform Gemini has cut its workforce by 30% in 2026, citing a transformative integration of artificial intelligence (AI) that enables employees to achieve a “100x” productivity impact.
The Rise of the ‘100x’ Worker
Crypto platform Gemini has reduced its workforce by approximately 30%
Coinpedia1h ago
Ripple-Linked Evernorth Files S-4 to Launch XRP Treasury Firm
Evernorth Holdings filed for a Nasdaq listing via SPAC, targeting over $1B in proceeds. With hundreds of millions of XRP, it plans active management strategies and benefits from recent regulatory clarity classifying XRP as a digital commodity.
CryptoFrontNews12h ago
Ondo Finance Issues Tokenized Securities in IBIT and GLXY
The essay discusses the recent entry of large companies and ETFs into the tokenized securities market, highlighting growth driven by regulatory support and increasing institutional demand, with Ondo Global Markets managing over 250 tokenized instruments valued at nearly $2.6 billion.
CryptoBreaking15h ago
