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A recent deal between an Emirati investment firm and a cryptocurrency company tied to the Trumps could endanger national security, Warren said.
Sen. Elizabeth Warren is hoping a federal watchdog will examine a deal involving a cryptocurrency company tied to President Trump that could threaten national security and further enrich White House officials. Spencer Platt/Getty Images
Sen. Elizabeth Warren is urging a federal watchdog to investigate a recently announced deal between a Trump-backed cryptocurrency company and an investment firm tied to the government of the United Arab Emirates.
Warren and Sen. Jeff Merkley of Oregon sent a letter to Jamieson Greer, acting director of the U.S. Office of Government Ethics, on Monday outlining their concerns.
The deal in question concerns the Emirati investment firm MGX, the crypto exchange Binance, and World Liberty Financial, a crypto company that lists President Trump and his sons as members of its team.
Members of the Trump family, along with Special Envoy to the Middle East Steve Witkoff and his family, stand to indirectly make hundreds of millions of dollars, the senators wrote. There are also significant concerns about conflicts of interest and national security.
“[The deal] would represent a staggering conflict of interest, one that may violate the Constitution and open our government to a startling degree of foreign influence and the potential for a quid pro quo that could endanger national security,” Warren and Merkley wrote.
Read their full letter below:
UAE Crypto Trump Corruption Letter by Ross Cristantiello on Scribd
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