U.S. congressmen urge investigation into Trump's business relationships, questioning whether his currency issuance may breed corruption

Odaily Planet Daily News Gerry Connolly, the top Democrat on the U.S. House Oversight Committee, wrote to the Republican chairman of the committee one day after Trump's new term began, asking for an investigation into the president's business relationships. In his letter, he said: "The committee must take immediate action to investigate the serious conflicts of interest that Trump brings into the presidential office. The scope of President Trump and the Trump Group's financial entanglements and quid pro quo commitments is expanding and disturbing." Maxine Waters, a senior Democratic congressman on the House Financial Services Committee, said in a statement: "Through his Meme coin, Trump has created a way to circumvent national security and anti-corruption laws, allowing relevant parties to transfer money to him and his inner circle anonymously. Buyers may include large companies, allies forced to show 'respect' to the president, and our adversary countries, who can benefit a lot from influencing Trump's presidency." Waters believes that this token not only harms Trump's interests, but also taints the entire industry. (CoinDesk)