Investigate Trump Family's Potential Crypto Conflicts, Uphold Integrity

To: Sen. Wyden, Rep. Bonamici, Sen. Merkley

From: A constituent in Portland, OR

April 19

The recent Wall Street Journal investigation revealed that representatives of President Trump's family have held talks to take a financial stake in the U.S. arm of crypto exchange Binance, according to people familiar with the matter. This extremely corrupt situation demands an immediate and thorough investigation into potential conflicts of interest and violations of laws and regulations, and it should be prosecuted to the fullest extent of the law. The investigation also noted that Sam Bankman-Fried, the former CEO of FTX, was sentenced to four months in prison after pleading guilty in 2023 to violating anti-money-laundering requirements. At the same time, Binance's billionaire founder, Changpeng Zhao—who serves as the company's CEO—has previously stated that Binance follows strict anti-money-laundering rules. Swift action must be taken against the Trump administration.

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