President Donald Trump's family has once again been engulfed in scandal: against the backdrop of a sharp decline in the value of their cryptocurrency initiatives, new corruption allegations have been raised against them. Democrats in Congress presented a detailed report stating that Trump allegedly uses the presidency for personal gain through operations with digital assets and interactions with foreign investors.
According to the document, companies connected to the Trump family are experiencing serious difficulties. Shares of American Bitcoin Corp, founded by Eric and Donald Trump Jr., have fallen by more than 40% since October, despite an increase in revenue. A significant decline has also affected the shares of Trump Media and the tokens of World Liberty Financial projects. Meme coins issued by Trump and Melania have almost lost their value.
The report pays special attention to possible agreements between Trump and Changpeng Zhao, as well as the participation of foreign entities in the placement of WLFI tokens. Among the investors are funds from the UAE, representatives of Chinese state-owned companies, individuals involved in criminal cases, and businessmen linked to Russian organizations.
Criticism intensified following the launch of Trump's new meme coin on the eve of the inauguration, as well as the dinner held for the largest token holders, among whom were many foreign guests. This again raised questions about possible foreign influence on American politics.
