US Senators Call for Probe into Trump Family's DeFi Protocol Over Alleged Ties to Malicious Actors
US Senators Call for Probe into Trump Family's DeFi Protocol Over Alleged Ties to Malicious Actors
US Senators Elizabeth Warren and Jack Reed are demanding an investigation into World Liberty Financial, a DeFi protocol reportedly linked to the Trump family. They allege the platform has ties to malicious actors from North Korea and Russia, signaling increased scrutiny on decentralized finance and potential national security concerns.
US Senators Initiate Probe into World Liberty Financial
Senators Elizabeth Warren (D-MA) and Jack Reed (D-RI) have called for a federal probe into World Liberty Financial. The senators claim that the DeFi protocol, which is allegedly associated with the Trump family, maintains connections to malicious actors based in North Korea and Russia. This move underscores growing concerns among lawmakers regarding the potential for illicit finance and national security risks within the decentralized finance ecosystem. The allegations suggest that platforms within the nascent DeFi space may be exploited by hostile foreign entities, prompting a closer look from regulatory bodies and legislative committees.