The US Democratic Party calls for an investigation into <strong>Trump's</strong> cryptocurrency investments<em>'s</em> "suspicious activities," involving Justin Sun and Binance investment matters

BlockBeats News, May 15. Democratic members of the U.S. House of Representatives formally requested the Treasury Department to investigate the Trump family's crypto project, World Liberty Financial (WLF), and its Meme coin's suspicious fund activities. Key points include: whether Justin Sun's $75 million investment in WLF is related to the SEC lawsuit suspension, the compliance of WLF's stablecoin USD1 in Binance's $20 billion trading, and the issue of Trump Meme coin holders participating in a presidential banquet for influence peddling.

Democratic Congressman Ritchie Torres introduced legislation last week to prohibit the president and members of Congress from profiting through Meme coins. Senator Elizabeth Warren and others have called for a review of Trump's relationship with Binance. The Treasury Department has not yet responded to this matter. (TheBlock)