World Liberty Financial (Trump Crypto)

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Senators seek probe of Trump crypto venture over alleged token sales linked to North Korea and Russia​

  • Senators Elizabeth Warren and Jack Reed are seeking a probe of a Trump-tied crypto firm over alleged links to illicit actors in North Korea and Russia.
  • A watchdog flagged $WLFI sales to “various highly suspicious entities,” raising security concerns.
  • The push comes as Congress weighs rules that could limit oversight of governance tokens.
Two U.S. Senators are pressing the Department of Justice and the Treasury to investigate a crypto company closely tied to the family of U.S. President Donald Trump over alleged links to illicit actors in North Korea and Russia.

In a letter on Tuesday, U.S. Senators Elizabeth Warren, D-Mass., and Jack Reed, D-R.I., minority members on the Senate Committee on Banking, Housing, and Urban Affairs, raised concerns that World Liberty Financial, a crypto firm heavily owned and run by the Trump family, may pose national security risks.

The letter — obtained exclusively by CNBC and addressed to Attorney General Pamela Bondi and Treasury Secretary Scott Bessent — argued that World Liberty Financial lacks adequate safeguards to prevent bad actors from moving funds or gaining influence over its governance.

More:

 

Eric Trump calls allegations World Liberty sold tokens to North Korean, Russian entities 'laughable'​


Nov 21, 2025
Eric Trump, American Bitcoin's co-founder and chief strategy officer and executive vice president of the Trump Organization, sits down with CNBC Crypto World at the Clear Street Disruptive Technology Conference in Palm Beach, Florida. During the exclusive interview, Eric Trump discusses recent criticism of his family’s crypto ventures, a letter Senate Democrats sent to the DOJ and Treasury Department pushing for a probe into World Liberty Financial, and his real-estate tokenization projects.


27:32
 
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