Is Trump leveraging WLFI for profit? Democrat Warren demands SEC to clarify, stablecoin USD1 sparks political controversy.

The Trump family has recently been quite active in the crypto market, raising suspicions among Democratic lawmakers of "using the presidency for family gain." Notable anti-encryption Democratic Senator Elizabeth Warren and Congresswoman Maxine Waters jointly wrote to SEC Acting Chairman Mark Uyeda, requesting access to all call records between Trump and their own project WLFI, and warned Uyeda that "the regulatory agency may have already been subjected to political interference."

The incident was triggered by Trump's encryption project "World Liberty Financial (WLFI)" launching its own stablecoin USD1, with rumors suggesting that USD1 could be used by the government as a payment tool, sparking regulatory controversy.

At the end of 2024 to the beginning of 2025, Trump will heavily intervene in encryption policy.

Trump has launched multiple policies and plans related to the crypto market, including:

Plan to establish national cryptocurrency reserves (Cryptocurrency Stockpile)

Launch of Trump Coin (TRUMP)

Expand interaction with the family-supported encryption project WLFI

In late March 2025, WLFI will launch its own stablecoin USD1.

USD1 on BNB Chain and Ethereum

Assuming they are incorporated into the government payment system, the Trump family would directly benefit.

On April 2, 2025, Democratic Party members took action against.

Democratic Senator Warren and Representative Waters sent a letter to SEC Acting Chair Mark Uyeda, requesting the SEC to:

Preserve all communications records between Trump and WLFI

Indicate whether there is a policy that is influenced by WLFI or the interests of the Trump family

Accusations suggest that Trump may leverage his position to have the SEC adopt a "regulatory stance favorable to himself."

On that day, Waters spoke again in Congress: "If regulatory agencies lack oversight and transparency, Trump may turn USD1 into a government payment tool as a means of profit."

The president's investment in his own company raises concerns about fair regulation.

Waters emphasized: "The Trump family has a financial stake in WLFI, and this conflict of interest is too obvious. The public also has the right to know whether financial regulation has been infiltrated by private interests?"

There are greater concerns that the SEC, as an independent regulatory agency, influenced by Trump and his family's interests, could severely undermine market credibility and jeopardize investor rights.

Did Trump take advantage of the situation for personal gain, igniting political controversy in the United States?

The Trump family's involvement in the encryption industry is accelerating, but the stance of regulatory agencies is becoming increasingly lenient. Whether this involves political interference and self-enrichment remains to be seen, as this incident will become a focal point for future U.S. politics and financial regulation.

Whether the SEC can truly act as an independent regulatory body, free from political interference, remains to be seen.

This article suggests that Trump is profiting from WLFI? Democratic Party's Warren demands SEC to clarify, the stablecoin USD1 ignites political controversy, first appearing in Chain News ABMedia.