1. United States
  2. Maine
  3. Letter

An Open Letter

To: Rep. Pingree, Sen. Collins, Sen. King

From: A constituent in South Portland, ME

July 1

Congressional Oversight of Financial Transactions Benefiting Trump Family I am writing to request congressional oversight of potential conflicts of interest involving President Donald Trump and his family’s financial activities during his second term. President Trump’s 2025 mandatory financial disclosure, together with subsequent public reporting, indicates that businesses associated with him generated at least $2.2 billion during the reporting period, including roughly $1.4 billion from the Trump family’s cryptocurrency ventures. By comparison, his average annual disclosed income for 2014, 2016, 2017, and 2018—the calendar-year disclosures available for comparison—was approximately $462 million. The dramatic increase is tied largely to business ventures that intersect with federal policy decisions. Several transactions warrant congressional examination. In October 2025, President Trump pardoned Changpeng Zhao, founder of Binance, after Zhao pleaded guilty in 2023 to anti-money laundering violations. Binance hosts the Trump family’s cryptocurrency venture, World Liberty Financial, and developed its USD1 stablecoin. Months before the pardon, an Emirati investment fund used approximately $2 billion in USD1 to acquire a stake in Binance, substantially increasing demand for the Trump family’s stablecoin. Separately, cryptocurrency entrepreneur Justin Sun invested tens of millions of dollars in World Liberty Financial. The U.S. Securities and Exchange Commission later paused its civil fraud case against Sun while the administration was in office. On February 10, 2026, President Trump disclosed purchasing between $1 million and $5 million of Dell stock. Nine days later, he publicly encouraged Americans to “buy a Dell computer.” In May 2026, Dell received a $9.7 billion contract from the United States Department of Defense. Whether coincidental or not, this sequence warrants review. The Trump Organization has also entered licensing agreements for developments in Saudi Arabia and Qatar while President Trump has continued to direct U.S. policy affecting those countries, raising additional conflict-of-interest concerns. Beyond the President’s own holdings, members of his immediate family have acquired business interests that also intersect with administration policy. In September 2025, following administration support for a Kazakhstan tungsten mining project and up to $1.6 billion in preliminary federal financing, Dominari Securities—partly owned by Donald Trump Jr. and Eric Trump—acquired a 20% interest in the associated entity. Donald Trump Jr. is also affiliated with Unusual Machines, and both sons are investors in Powerus, companies pursuing opportunities tied to increased defense spending. While any individual transaction may have an innocent explanation, the pattern as a whole warrants independent congressional review. Accordingly, I respectfully request that you: • Support congressional hearings examining these matters. • Request that the Government Accountability Office issue a legal opinion and conduct an audit, where appropriate, regarding the use of federal funds or government actions connected to these transactions. • Support legislation requiring the President, Vice President, and their immediate families to place covered financial assets in a genuine blind trust while in office. • Support legislation requiring prompt public disclosure of financial transactions conducted by or on behalf of the President and Vice President. Thank you for your consideration

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