Democratic U.S. Representatives Call on Treasury Department to Investigate Potential Conflict of Interest and National Security Risk Related to WLFI

February 20 — Dozens of Democratic U.S. House members sent a letter to Treasury Secretary Janet Yellen on Thursday, calling for an investigation into potential conflicts of interest and national security concerns tied to the Trump family’s cryptocurrency project, World Liberty Financial, per CNBC. Led by New York Democratic Rep. Gregory Meeks, the letter has 40 additional co-signatories. During a hearing, Meeks referred to Yellen as a “henchman” of Trump’s and questioned a $500 million investment in World Liberty Financial last year from a member of the UAE royal family. In a statement accompanying the letter, Meeks said: “The Trump family’s $500 million transaction with the UAE royal family is not only a matter of national financial stability, but also carries serious national security implications.” At the time of the request, World Liberty Financial was in the process of applying for a national bank charter — a document reviewed and issued by the Office of the Comptroller of the Currency (OCC), a Treasury Department subsidiary that regulates the U.S. banking industry.