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Democrats call for investigation into Trump family crypto deal over potential foreign influence

  • Senators Elizabeth Warren and Jeff Merkley are calling for a federal investigation into a Trump family cryptocurrency deal involving a $2 billion investment from Abu Dhabi into Binance, which may lead to major profits for Trump.
  • Warren and Merkley stated that the deal, if completed, would represent a staggering conflict of interest that could endanger national security, emphasizing their concerns about foreign influence and corruption in cryptocurrency.
  • Critics, including Senator Bernie Sanders, warned that the proposed GENIUS Act could facilitate corrupt activities and jeopardize financial stability, urging stronger protections against illicit behavior.
  • As Trump promotes a private dinner for $TRUMP coin investors, skepticism grows about the ethical implications of his family's business dealings in cryptocurrency, which reportedly increased their net worth significantly.
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The crypto industry saw Trump as a champion. Some now fear he's putting personal profits first

It seems like a triumph for a cryptocurrency industry that’s sought mainstream acceptance: Top investors in one of President Donald Trump’s crypto projects invited to dine with him at his luxury golf club in Northern Virginia on the heels of the Senate advancing key pro-crypto legislation and while

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Benzinga broke the news in New York, United States on Monday, May 5, 2025.
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