Senate Democrats seek answers on Trump’s World Liberty crypto deal ahead of GENIUS Act vote
A war of words is escalating between Senate Democrats and executives at the crypto firm that is partly owned by President Trump’s family, as congressional leaders seek more information about ways in which the first family may be seeking to blend profit with official government action, CBS News has learned.
In an exchange of polite but pointed letters, Senate Democrats demanded more details about a multibillion-dollar transaction between the Trump family’s crypto venture, World Liberty Financial, and a pool of investors that includes foreign nationals. And the senators questioned the firm on its launch of a “stablecoin,” a crypto product backed directly by U.S. currency.
“The launch of a stablecoin directly tied to a sitting President…
