Top-ranking House Democrats have requested U.S. Treasury suspicious activity reports related to President Trump's cryptocurrency activities, focusing on the TRUMP meme coin and World Liberty Financial. Representatives Gerald Connolly, Joseph Morelle, and Jamie Raskin expressed concerns about potential election fraud, misuse of fundraising, and foreign influence. They specifically cited worries about the WLFI token sale, which struggled to meet its fundraising goals until investments were made by Tron founder Justin Sun. The letter to Treasury Secretary Scott Bessent requested all SARs filed from January 1, 2023, to the present, emphasizing the need for transparency regarding coin purchasers to prevent exploitation by authoritarian entities. The scrutiny of Trump's crypto ties has intensified, with recent requests for probes into fundraising events linked to the meme coin and allegations of financial misconduct by his administration.

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