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

Odaily reported that Gerry Connolly, the top Democratic member of the House Oversight Committee, sent a letter to the Republican chairman of the committee a day after Trump's new term began, requesting an investigation into the president's business relationships. In the letter, he stated: "The committee must take immediate action to investigate the serious conflicts of interest that Trump has brought into the Oval Office, as the financial entanglements and quid pro quo commitments of President Trump and the Trump Organization continue to expand in alarming ways." Senior Democratic Congresswoman Maxine Waters of 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 related parties to transfer funds anonymously to him and his inner circle. Buyers may include large corporations, allied nations forced to show 'respect' to the president, and rival nations that could benefit greatly from influencing Trump's presidency." Waters believes that this token not only harms Trump's interests but also tarnishes the entire industry. (CoinDesk)