House Dems Demand Crypto Secrets from Trump, Musk, and GOP!

Yo, listen up! Top House Democrats are not playing around—they're demanding the Treasury Department spill the beans on all the shady activity reports linked to Donald Trump's crypto games, Elon Musk's America PAC, the GOP's cash machine WinRed, and some sketchy scam PACs. They want it all, and they want it now!

This bombshell letter dropped on May 14, and it's signed by Reps. Gerald Connolly, Joe Morelle, and Jamie Raskin. They're not messing around, pointing fingers at possible campaign finance dirty tricks, foreign meddling, securities fraud, and some seriously deceptive fundraising that's targeting our most vulnerable folks. It's wild out here!

But hold up, the real drama is centered around Trump's crypto outfit, World Liberty Financial, which burst onto the scene at the end of 2024. Buckle up!

WLF's non-transferable tokens? Yeah, critics say they're about as valuable as Monopoly money. And get this—they raked in a cool $75 million from Justin Sun, the Chinese entrepreneur who was dodging SEC charges at the time. Talk about shady!

Right after Sun threw his cash into the mix, the SEC hit the brakes on their case against him. And now, WLF's rolling out the USD1 stablecoin, tied to a whopping $2 billion deal with a UAE-backed fund and Binance. This is getting juicier by the minute!

$TRUMP memecoin

Oh, but it doesn't stop there. They're also digging into the $TRUMP (TRUMP) memecoin, which hit the scene right before Trump's big inauguration day. Word on the street is that Trump-linked entities are holding onto a massive 80% of the token supply and have pocketed a sweet $100 million in trading fees. Cha-ching!

And here's the kicker—there's no public record of who's buying these coins, and the SEC says meme coins are out of their league. Dems are sounding the alarm, warning about the risks of sneaky foreign actors using crypto to pull Trump's strings. This is next-level stuff!

But wait, there's more! Musk's America PAC is also in the hot seat, accused of using their cash to cozy up to Trump, even turning the White House South Lawn into a Tesla showroom. Can you believe it?

And let's not forget about WinRed and those two scam PACs. They're under the microscope for some seriously shady moves, like tricking elderly donors and using Trump's voice in robocalls to squeeze out more funds. It's straight-up deception!

The lawmakers are dead serious about this probe. They say it's all about figuring out if we need new laws to keep the fraudsters at bay and protect our elections. Buckle up, folks—this is just the beginning!