US lawmakers are pressing the SEC over potential conflicts of interest related to a Trump-backed crypto firm, World Liberty Financial. Senators Elizabeth Warren and Maxine Waters demand transparency on how Trump's ties might influence SEC oversight, given the Department's supposed independence from presidential agendas.
They have issued a call for clarity on Trump's ventures and their effects on policy, alleging that his family's financial interests could be skewing regulatory practices to favor crypto interests. The inquiry signals growing concerns over governance and cryptocurrency oversight in America.