Trump Family’s $400 Million Crypto Windfall Fuels Political Backlash Over SEC Intervention

A substantial crypto windfall linked to the Trump family has ignited a political firestorm, prompting lawmakers to question the U.S. Securities and Exchange Commission’s (SEC) actions and whether they are influenced by potential conflicts of interest. Lawmakers, including Senators Elizabeth Warren and Maxine Waters, have issued a joint demand for records regarding World Liberty Financial, Inc. (WLFI), a crypto firm linked closely to the Trump family. This move comes as the SEC faces scrutiny over its handling of WLFI’s $550 million investment and a potential conflict of interest involving former President Donald Trump’s campaign.