- United States
- Mich.
- Letter
I am writing to urge you to initiate an immediate congressional investigation into the extensive financial conflicts of interest involving President Donald Trump, his family, and their business ventures. Recent reporting by The Wall Street Journal, The New York Times, and ProPublica has documented a troubling pattern of private financial deals intersecting directly with federal policy, diplomacy, and regulation.
Specifically, The Wall Street Journal revealed that days before the inauguration, the Trump family signed a previously undisclosed $500 million deal selling a 49% stake in World Liberty Financial to UAE National Security Adviser Sheikh Tahnoon bin Zayed. Shortly afterward, UAE-backed firm MGX used World Liberty’s USD1 stablecoin to close a $2 billion investment in Binance, coinciding with federal approval of sensitive AI chip deals for the UAE and a presidential pardon for Binance founder Changpeng Zhao. At the same time, the administration championed crypto legislation benefiting the family's stablecoin while the SEC dropped enforcement actions against major crypto firms—including Binance, Coinbase, Kraken, and Justin Sun’s companies—following major political donations or direct investments into Trump-affiliated ventures.
Furthermore, public reporting has raised serious concerns regarding Qatar’s gift of a $400 million luxury aircraft alongside a $1.96 billion U.S. arms deal and a $5.5 billion Trump-branded golf project, as well as unofficial Middle East diplomacy conducted by individuals backed by foreign sovereign wealth funds without standard ethics oversight. ProPublica also reported that Donald Trump Jr.’s venture capital firm, 1789 Capital, invested in rare-earth company Vulcan Elements right before a White House-initiated federal partnership, while family members hold lucrative advisory roles at heavily regulated companies like Polymarket, Kalshi, and defense contractor Foundation Future Industries.
While the administration denies any quid pro quo, the scale of these overlapping private interests and public policy decisions demands rigorous legislative oversight. I urge you to use your committee authority to investigate these deals, subpoena relevant financial records, and ensure that our government operates solely in the interest of the American people.