1. United States
  2. Fla.
  3. Letter

Investigate Trump Family Cryptocurrency Conflicts of Interest

To: Sen. Scott, Rep. Buchanan, Sen. Moody

From: A verified voter in Bradenton, FL

February 26

I am writing to urge you to launch a comprehensive investigation into the Trump family's cryptocurrency ventures and their relationship to official government actions during the current administration. The scale and brazenness of these financial arrangements demand immediate congressional oversight. In January 2025, just four days before the inauguration, UAE Sheikh Tahnoon bin Zayed Al Nahyan secretly purchased a 49% stake in World Liberty Financial for $500 million. The Trump family, which owns 60% of WLF and receives 75% of net proceeds, immediately received $157 million from this transaction. In May 2025, the same UAE royal family bought a $2 billion stake in Binance using USD1 stablecoins, a currency tied to WLF, generating approximately $80 million annually in interest for the venture. That same month, the Trump administration granted the UAE access to 500,000 AI chips for Sheikh Tahnoon's company G42, chips that had previously been blocked due to concerns about Chinese ties. The pattern extends beyond the UAE. Justin Sun purchased $75 million in WLFI tokens, and shortly after his investment, the SEC dropped a 2023 lawsuit against him for selling unregistered securities. In October 2025, Binance founder Changpeng Zhao received a presidential pardon after serving just four months for money laundering charges related to allowing Hamas and North Korea to trade on his platform. These are not isolated incidents. Don Jr. received $2.8 million from drone maker Unusual Machines for a board seat before the company received its biggest US government contract. Vulcan Elements received investment from Don Jr.'s 1789 Fund, then secured a $620 million Pentagon loan. Forbes estimates Don Jr.'s net worth increased sixfold in 2025, while Eric became ten times richer. The American people deserve to know whether foreign governments and corporations are purchasing influence through the Trump family's business ventures. I urge you to use your oversight authority to investigate these transactions, subpoena relevant documents, and hold public hearings to ensure our government serves the public interest rather than functioning as what has been described as "an asset class" for the president's family.

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