House Democrats call for probe into Trump family's WLFI DeFi project

Democratic members of the U.S. House of Representatives have sent a letter to Treasury Secretary Scott Bessent requesting an investigation into World Liberty Financial (WLFI), a DeFi project linked to the Trump family, CNBC reported. The lawmakers are calling for a probe into potential conflicts of interest and the project's impact on national security. Representative Gregory Meeks stated that a $500 million deal between the Trump family and the United Arab Emirates (UAE) royal family not only creates national financial instability but also poses a serious security risk. He added that history will record whether the Treasury Secretary's loyalty lies with the American people or his backers.