The Democratic Party demands the Treasury Department to provide a 'suspicious activity report' on Trump's cryptocurrency investments and mentions Sun Yuchen

According to The Block, Democratic members of the US House of Representatives have officially requested the Treasury Department to submit a report on suspicious financial activities related to the Trump family's cryptocurrency project, World Liberty Financial (WLF), and its associated Meme coin. The focus of the investigation includes the correlation between the $75 million investment in WLF by Sun Yuchen, founder of TRON, and the SEC's suspension of litigation, the compliance of the use of WLF stablecoin USD1 in Binance's $2 billion transaction, and the potential transfer of benefits for Trump Meme coin holders invited to attend the presidential dinner. This investigation also involves the political action committee supported by Musk and the Republican fundraising platform WinRed. Democratic Congressman Ritchie Torres proposed legislation last week to prohibit the President and members of Congress from profiting from Meme coins. Senators Elizabeth Warren and others have called for a review of Trump's relationship with Binance. The Ministry of Finance has not yet responded to this.