Lawmakers Accuse SEC of Trump Influence Over WLFI Regulatory Oversight

Senator Elizabeth Warren and Representative Maxine Waters have called on the SEC to reveal all internal communications regarding its interactions with World Liberty Financial (WLF), a crypto firm with deep financial ties to President Trump’s family. The lawmakers allege that the SEC’s enforcement actions may have been swayed by political pressure tied to the Trump administration, particularly after the agency paused its case against crypto entrepreneur Justin Sun, a major investor in WLF. They also highlighted that WLF disclosed over $500 million in exempt securities sales of its governance token, WLFI, and announced plans for a stablecoin launch. According to the lawmakers, the Trump family could receive up to an estimated $400 million in benefits from WLFI’s profits. The letter demands transparency on whether regulatory decisions are being made impartially or to benefit political allies, raising serious questions about potential conflicts of interest in the crypto regulatory landscape.