Senator Warren asks SEC to investigate President Trump's WLFI conflict of interest, raising concerns about impact on cryptocurrency regulations

On the 2nd, US Senator Elizabeth Warren and others submitted two letters to the US Securities and Exchange Commission (SEC). They are seeking answers regarding President Donald Trump's conflict of interest and the possibility that he may have influenced the SEC's decision.

Warren, who submitted the letter, is known as a leading critic of virtual currencies even within the Democratic Party.

First, Democratic Senator Warren and Representative Maxine Waters requested the provision of all records and communications between the SEC and World Liberty Financial (WLFI), a DeFi (decentralized finance) project led by the Trump family.

W...