1. United States
2. Pa.
3. Letter

Recent reports and public statements indicate potential conflicts of interest and self-enrichment involving the President and associated parties in cryptocurrency and memecoin ventures. These activities raise serious concerns that public office may have been exploited to benefit political allies and the President personally, rather than serving the American people. Cryptocurrencies, including memecoins, are highly volatile and largely unregulated, making them susceptible to manipulation. When executive influence intersects with these markets, it creates a risk of financial harm to investors, destabilization of broader markets, and erosion of trust in both the executive branch and financial institutions. Congress has a constitutional duty to ensure that federal officials act in the public interest, free from personal financial conflicts. Oversight should include: - Investigating any coordination between executive officials and cryptocurrency projects that may confer financial advantage - Reviewing whether public statements, endorsements, or policy decisions were used to benefit private interests - Ensuring that federal agencies are not complicit in facilitating or ignoring conflicts of interest Unchecked, such activity undermines public confidence in government integrity, encourages financial recklessness, and sets a dangerous precedent for future administrations. It also raises questions about the adequacy of existing conflict-of-interest safeguards and the need for stricter enforcement of ethical rules for high-level officials. Congress must act to investigate these matters thoroughly, clarify the boundaries of permissible conduct for federal officials, and hold accountable any individuals who may have exploited public office for private gain. Transparency and accountability are essential to maintaining the integrity of both financial markets and democratic governance.