The US is concerned about the sale of cryptocurrency linked to President Donald Trump to partners of Russian and North Korean criminals.
Democratic Senators Elizabeth Warren and Jack Reed sent a letter to Treasury Secretary Scott Bessent and Attorney General Pamela Bondi asking for information on the progress of the investigation into World Liberty Financial, a company founded by Donald Trump’s sons, which allegedly sold digital assets to individuals and entities collaborating with criminals from Russia, North Korea, and other countries.
Elizabeth Warren
By selling these tokens, World Liberty Financial received money from individuals who openly identified themselves as enemies of the United States. Allowing them to participate in the company’s policymaking poses a threat to U.S. national security.
As we consider legislation shaping the digital asset market, we must ensure that attackers do not obtain keys to our financial platforms that they can use for their own gain, the letter states.
Warren and Reed accused World Liberty Financial employees of failing to implement robust mechanisms to prevent illegal activity, allowing WLFI coins to fall into the hands of individuals involved in sanctions evasion, money laundering, and terrorist financing. The parliamentarians did not provide specific names or companies involved in the WLFI pre-sale or explain the source of their information about the firm’s violations. However, they demanded a response by December 1, 2025, suggesting that the situation will soon become clear.