Two Democratic lawmakers, Senator Elizabeth Warren and Representative Maxine Waters, have urged acting SEC Chair Mark Uyeda to safeguard information related to World Liberty Financial (WLFI), a cryptocurrency firm linked to the Trump family. In a letter dated April 2, they expressed concerns that the family's financial involvement in WLFI poses a conflict of interest, which may affect the SEC's regulatory independence. The lawmakers argue that the Trump Administration could potentially prioritize favorable regulatory decisions for the cryptocurrency market, benefitting the President's family. They emphasize the need for transparency regarding Trump's cryptocurrency ventures and their possible influence on SEC policies. This demand follows WLFI's announcement about its operations on the BNB and Ethereum blockchains. The letter also highlighted ongoing crypto initiatives by Trump that might compromise regulatory integrity. Additionally, the SEC has been scrutinizing crypto firms connected to Trump since he appointed Uyeda, with private equity implications noted in recent hearings. The situation raises questions about the impartiality of market regulations and the overlap with presidential interests in the cryptocurrency sector.

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