![[Action required] Your RSS.app Trial has Expired.](https://8v.com/info/wp-content/uploads/2026/01/rss-app-cfAqZL-75x75.png)
BTC
$103,081.43
–
1.20%
ETH
$2,582.89
–
3.23%
USDT
$1.0001
–
0.02%
XRP
$2.5467
–
0.81%
BNB
$652.60
–
2.14%
SOL
$175.34
–
2.05%
USDC
$0.9999
–
0.01%
DOGE
$0.2325
–
2.80%
ADA
$0.7985
–
3.35%
TRX
$0.2760
+
1.87%
SUI
$3.9136
–
2.54%
LINK
$16.87
–
3.37%
AVAX
$25.15
–
1.29%
XLM
$0.3043
–
2.86%
SHIB
$0.0₄1576
–
3.16%
HBAR
$0.2058
–
4.59%
HYPE
$24.93
–
4.25%
TON
$3.2620
–
3.62%
LEO
$8.7997
+
0.74%
BCH
$402.69
–
2.10%
By Margaux Nijkerk, AI Boost|Edited by Nikhilesh De
May 14, 2025, 5:18 p.m.
- Top House Democrats sent a letter to the U.S. Treasury Department Wednesday, asking its money laundering watchdog to hand over all suspicious activity reports (SARs) tied to President Donald Trump’s crypto ventures.
- The request marks an escalation in congressional scrutiny on whether President Trump and his entourage are abusing their positions of power to benefit their crypto businesses.
Top House Democrats sent a letter to the U.S. Treasury Department Wednesday, asking its money laundering watchdog to hand over all suspicious activity reports (SARs) tied to President Donald Trump’s crypto ventures.
STORY CONTINUES BELOW
In a letter sent to Treasury Secretary Scott Bessent, Reps. Gerald Connolly (D-Va.), Joe Morelle (D-N.Y.) and Jamie Raskin (D-Md.) — the ranking members of the House Oversight, Administrative, and Judiciary committees — called for an urgent investigation into Trump’s blockchain project World Liberty Financial and the $TRUMP memecoin, citing possible violations of campaign finance laws, bribery statutes and securities regulations.
“The Committees seek to determine whether legislation is necessary to prevent violations of campaign finance, consumer protection, bribery, securities fraud, and other anti-corruption laws in connection with fundraising by candidates for federal office and federal officeholders and to guard against deceptive and predatory campaign fundraising practices, illicit foreign influence over federal officials, and other financial misconduct connected to prospective or current federal officials,” the leading Democrats on the committees wrote in a press release shared with CoinDesk.
The request marks an escalation in congressional scrutiny on whether President Trump and his entourage are abusing their positions of power to benefit their crypto businesses. Senate Democrats pointed to Trump’s crypto ventures last week as part of their reason for not voting to advance stablecoin legislation that previously saw bipartisan support.
The inquiry zeroes in not only on the Trump family’s September 2024 launch of World Liberty Financial and the $TRUMP memecoin launched just days before his inauguration, but also Elon Musk’s America PAC and whether they are using Trump’s name to solicit donations under false pretenses.
Read more: Senate Democrat Says He’s Looking Into Trump’s Crypto Businesses
Margaux Nijkerk reports on the Ethereum protocol and L2s. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
![[Action required] Your RSS.app Trial has Expired.](https://8v.com/info/wp-content/uploads/2026/01/rss-app-cfAqZL-350x250.png)
