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U.S. senators call for an investigation into Trump family's associated crypto assets company World Liberty Financial, citing national security risks.
According to Deep Tide TechFlow news on November 18, as reported by CNBC, U.S. Senators Elizabeth Warren and Jack Reed sent a letter to the Department of Justice and the Department of the Treasury, requesting an investigation into the national security risks associated with the Crypto Assets company World Liberty Financial, which is closely linked to the Trump family.
The regulatory agency Accountable.US previously reported that World Liberty Financial sold the $WLFI governance tokens to “various highly suspicious entities,” including traders linked to the North Korean hacking organization Lazarus Group, sanctioned Russian “ruble-backed sanction evasion tools,” Iranian cryptocurrency exchanges, and the money laundering platform Tornado Cash.
Senators warned that the company lacks sufficient anti-money laundering controls, which could “facilitate illegal financial activities”.