• Apr 02, 2025

Democrats ask SEC to preserve records related to Trump’s crypto business, probing conflicts

WASHINGTON (Reuters) -A pair of top Democratic lawmakers asked the U.S. securities regulator on Wednesday to preserve records related to President Donald Trump’s crypto venture World Liberty Financial and posed questions about potential conflicts of interest. In a letter sent to acting Securities and Exchange Commission Chairman Mark Uyeda, seen by Reuters, lawmakers requested information to “help us better understand the extent to which the Trump family’s financial interest in World Liberty Financial may be influencing your and the Commission’s activities.” Senator Elizabeth Warren, the ranking member of the U.S. Senate’s banking committee, and Representative Maxine Waters, the ranking member of the U.S. House of Representatives’ financial services committee, signed the letter, which cited a Reuters report this week about the crypto project.

  • Apr 02, 2025

Truth Social-parent re-registers shares that would allow Trump trust to sell stock

Trump Media, which operates the Truth Social platform and is primarily owned by Trump, filed to re-register shares that would allow Trump's trust to potentially sell $2.3 billion worth of the company's stock. Existing shareholders in the company -- which include U.S. Attorney General Pam Bondi and Trump Media & Technology Group Chairman Devin Nunes -- are also looking to sell a total of 134 million shares, according to the filing.