Thorough investigation of Trump's money flow! The Democratic Party names WLF and the TRUMP meme coin, and Musk and Sun Yuchen may also be involved.

Recently, several high-ranking Democrats sent a letter to US Treasury Secretary Besent, asking the Treasury Department to provide Congress with a series of suspicious activity reports (SARs) related to political fundraising activities, as well as SAR information related to the Trump family's recently launched cryptocurrency business, World Liberty Financial (WLF) and Trump-branded meme ($TRUMP Coin). (Synopsis: Trump arrives in Saudi Arabia to embark on a "Middle East tour": $3 trillion cooperation is expected to be finalized, focusing on AI, defense, energy) (Background supplement: Countdown to Trump's 5/22 dinner: the first 220 TRUMP coin holders need to complete a security check in advance) The Democratic Party is demanding a thorough investigation of Trump's gold flow, and on May 14, local time in the United States, three House Democratic top Gerald E. Connolly, Joe Morelle and Jamie Raskin, A joint letter to Treasury Secretary Scott Bessent asking the Treasury Department to provide Congress with a series of Suspicious Activity Reports (SARs) related to political fundraising. According to the letter, it named WinRed, a Republican online fundraising platform, and several political action committees (PACs), including the America PAC, set up by Tesla CEO Elon Musk. Notably, the letter specifically requested the Treasury Department to provide SAR information related to the Trump family's cryptocurrency ventures, World Liberty Financial (WLF) and Meme Coin ($TRUMP Coin), emphasizing that this move is in response to concerns about potential fraud, bribery, corruption, conflicts of interest, and threats to the integrity of U.S. elections: The committee sought clarity on the need for legislation to prevent federal candidates and serving officials from violating campaign finance laws during fundraising , consumer protection laws, anti-bribery laws, securities fraud laws, and other anti-corruption laws, and to prevent deceptive and predatory fundraising, unlawful influence of foreign forces on federal officials, and other financial misconduct related to federal officials. Agencies and Matters Requesting Suspicious Activity Reports in the Letter WinRed, a for-profit digital fundraising platform used by the Republican Party, has been repeatedly investigated for its suspected predatory and fraudulent practices. Specifically, the use of a default check mechanism allows donors to be automatically added to the regular debit program without knowing it, resulting in donors being continuously deducted. America PAC, founded by Musk, reportedly invested up to $250 million to help Trump get elected, and $1 million nationwide to advertise Trump's achievements in office. The move seems to have given Musk political asylum and favor to Trump. Scam PACs Two fraudulent PAC organizations, including Patriots for American Leadership and the Campaign for a Conservative Majority, raise money through robocalls and use clips of Trump's voice. Misleading listeners into thinking that these groups are supporting Trump's re-election. In fact, according to the Campaign Legal Center, the money ended up being used to enrich itself and continue to expand scams. Trump Family Cryptocurrency Business (WLF) In September 2024, Trump and his son co-founded cryptocurrency platform World Liberty Financial (WLF) to launch a non-transferable, powerless and appreciating governance token. Some experts have pointed out that this may be one of the most serious conflicts of interest under the Trump presidency, especially at a time when the Trump administration is strongly advocating the development of cryptocurrencies and intends to loosen relevant regulations. The letter mentions that Tron founder Justin Sun has invested a total of $75 million. Soon after, the SEC petitioned the court to suspend enforcement action against Sun, seemingly hinting at the possibility of an exchange of interests. Also in March 2025, WLF announced that it would issue a stablecoin USD1. Earlier this month, a fund backed by Abu Dhabi Investment announced that it would use USD1 as a medium of exchange to complete up to $2 billion in investments in cryptocurrency exchange Binance, making WLF hugely profitable. $TRUMP coins: Trump launched $TRUMP memecoins on the eve of his inauguration in 2025, a type of cryptocurrency described as "a joke asset primarily for financial speculation with volatile prices." Together, Trump-related entities hold 80 percent of the $TRUMP coins, totaling 1 billion coins, and will therefore capture most of the potential profits. These entities have reportedly made $100 million in trading fees alone. And on February 27, 2025, the US SEC announced that memes are not "securities" under the federal securities laws and are therefore not regulated by them. Since the identity of the coin buyer is not disclosed, there is no way to know the source of funds, which has raised concerns that malicious forces, including authoritarian countries, may send benefits to the Trump family through the purchase of coins, and then "exchange for Trump's favor." Trump has been controversial since taking office, especially his and his family's active layout and profit-making behavior in the cryptocurrency field, which has aroused strong attention from political and legal circles. Although the Democratic Party's action may be partisan, aimed at launching an offensive against Trump and his allies, the information revealed does expose the possibility that Trump may use the presidency to carry out self-interest operations. In the future, it remains to be seen whether Trump will be subject to further congressional scrutiny and even impeachment proceedings due to these cryptocurrency and political fundraising controversies. Related reports Trump's son bitcoin mining company American Bitcoin backdoor listing, Gryphon mining's stock price soared 330% Trump issued the second wave of memecoins? CNBC traders broke the news: Truth Social will issue Meme tokens within 72 hours, the United States and China mutual tariff reduction" U.S. stocks rose sharply, fees half soared 7%, bitcoin but pin $100,700, Trump: 90 days after the agreement is not reached will increase tariffs "Thorough investigation of Trump gold flow! The Democratic Party named WLF and TRUMP meme coins, and Musk and Justin Sun may also be involved" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".