Congressional Inquiry into Trump’s Crypto Activities Expands

House Democrats have intensified their scrutiny of President Trump’s cryptocurrency dealings, requesting information about his past transactions from the Treasury Department. The request targets potential illegal activity related to Trump’s blockchain project and $TRUMP memecoin. Committee members emphasize that they intend to examine these ventures for compliance with election finance laws, anti-bribery regulations, securities laws, and other anti-corruption statutes. They are specifically interested in whether these activities may have led to unlawful donations or campaign finance violations. The investigation also focuses on the transparency of funding sources and potential misuse of Trump’s name for fundraising purposes. This inquiry follows the Senate’s blocking of a bipartisan stablecoin bill due to concerns about Trump’s cryptocurrency ventures, highlighting the continued attention being paid to these issues. As the investigation progresses, it may result in new regulations to govern political actors’ actions within the cryptocurrency market and ensure compliance with U.S. election laws.