Democratic Senators Demand Probe Into World Liberty Financial’s Alleged Ties To North Korea: CNBC
Senators Elizabeth Warren (D-MA) and Jack Reed (D-RI) are urging the Department of Justice (DOJ) and the U.S. Department of the Treasury (UST) to conduct a probe into Trump-linked World Liberty Financial’s alleged ties to illicit actors in North Korea and Russia, per a CNBC unique report revealed on Tuesday.
Elizabeth Warren, Jack Reed Push for Probe
According to a CNBC report, Reed and Warren pushed Attorney General Pam Bondi and Treasury Secretary Scott Bessent for the probe in a letter despatched to the 2 U.S. officers on November 12.
Per CNBC, the 2 senators cited a September 2025 report from nonprofit watchdog Accountable.US that claims “the Trump household crypto agency offered tokens to dozens of suspicious consumers who interacted with a big money-laundering platform, an Iranian crypto alternate, and even North Korean hackers.”
“Ultimately, the query stays—why did the Trump household crypto agency take cash from individuals with open and apparent connections to enemies of the United States, and the community that permits these enemies and different criminals to launder billions of {dollars}?” the Accountable.US report reads.
However, World Liberty Financial denied any battle of curiosity or wrongdoing within the CNBC report.
World Liberty Financial Under Scrutiny
U.S. President Donald Trump, who largely campaigned on establishing a crypto-friendly regulatory framework, is labeled as “co-founder emeritus” on World Liberty Financial’s web site.
His sons Donald Jr. and Eric have been given titles because the crypto platform’s “Web3 ambassadors,” whereas Barron serves as its “DeFi visionary.”
Warren, in the meantime, has been outspoken towards Trump and his affiliation with the digital asset industry as an entire.
In June, Warren and fellow Senator Jeff Merkley (D-OR) despatched a letter to the CEOs of MGX and Binance requesting that the businesses protect and supply communications associated to their use of World Liberty Financial’s USD1.
“To assist us higher perceive the extent to which President Trump’s monetary stake in USD1 influenced your corporations’ resolution to make use of this stablecoin as an alternative of different types of fee not linked to the President of the United States, we request further info and paperwork from MGX and Binance concerning the funding,” the Senators wrote.
It continues to be unclear if Warren’s newest push for a probe concerning World Liberty Financial’s enterprise dealings will probably be profitable.
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