Democrat Representative Gerald Connolly has called for an investigation into whether former President Donald Trump's cryptocurrency ventures conflict with his presidential duties. In a letter to the House Committee on Oversight and Government Reform, Connolly expressed concerns that Trump may be profiting from his World Liberty Financial (WLF) platform and the TRUMP memecoin, which could lead to violations of ethical standards and national security risks. Notably, the largest investor in WLF is a foreign entrepreneur facing securities fraud charges, raising concerns about foreign influence on U.S. policy. Connolly emphasized that if the Oversight Committee does not act, it may suggest a failure to enforce the standards it claims to uphold. He warned that Trump is unlikely to comply with the Presidential Ethics Reform Act without committee intervention. In related news, Trump acknowledged his involvement in the TRUMP token launch, referring to it as successful, despite claiming ignorance about its specifics.

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