BlockBeats News, February 20 — According to CNBC, dozens of Democratic members of the U.S. House of Representatives sent a letter to U.S. Treasury Secretary Janet Yellen on Thursday, requesting an investigation into potential conflicts of interest and national security issues related to Trump family’s cryptocurrency project, World Liberty Financial.
The letter was led by New York Democratic Representative Gregory Meeks and co-signed by an additional 40 members. During a hearing, Meeks described Yellen as a “follower” of Trump and questioned the $500 million investment by a member of the UAE royal family in World Liberty Financial last year. In a statement released alongside the letter, Meeks said, “The $500 million transaction involving the Trump family and the UAE royal family not only concerns national financial stability but also involves serious national security implications.”
At the time of the investigation request, World Liberty Financial is applying for a national banking license. The license is reviewed and issued by the Office of the Comptroller of the Currency, an independent agency under the U.S. Department of the Treasury responsible for regulating banking institutions.
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