US lawmakers press SEC for info about Trump family-backed crypto firm

According to Elizabeth Warren and Maxine Waters, Americans deserve transparency about Donald Trump’s crypto initiatives and how they could potentially influence the SEC.

Two Democratic lawmakers in the US Senate and House of Representatives have called on acting Securities and Exchange Commission (SEC) Chair Mark Uyeda to preserve information regarding World Liberty Financial, the crypto firm backed by President Donald Trump’s family.

In an April 2 letter, Senator Elizabeth Warren and Representative Maxine Waters — ranking members of the Senate Banking Committee and House Financial Services Committee, respectively — asked Uyeda to provide information to Congress based on Trump’s ties to World Liberty Financial (WLFI).

The two lawmakers suggested the SEC may be being influenced by the firm, and “this conflict of interest may be interfering with its mission to protect investors and maintain fair and orderly markets.”

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