Congressman Gerald Connolly Urges Ethics Probe on Donald Trump
Democratic Congressman Gerald Connolly has formally requested that House Oversight Committee Chairman James Comer initiate an investigation into Donald Trump’s financial dealings and business operations.
On this page
- World Liberty Financial and Ethical Concerns
- World Liberty Financial and Foreign Investments
- Jared Kushner’s Financial Ties Spark Concerns Over National Security
- Connolly Calls for Bipartisan Action to Uphold Ethical Governance
- Donald Trump Distances Himself from $TRUMP Project, Claims Limited Involvement
In his letter, Connolly referenced the Presidential Ethics Reform Act—authored by Comer himself—emphasizing the need for bipartisan oversight to ensure transparency and uphold ethical governance.
World Liberty Financial and Ethical Concerns
Congressman Gerald Connolly has voiced new concerns about Donald Trump’s transparency, pointing to his continued refusal to release his tax returns and spotlighting his latest cryptocurrency initiative, World Liberty Financial (WLF).
“President Trump’s new crypto venture, World Liberty Financial (WLF), provides one particularly troubling example,” Connolly stated in a letter.
Reports reveal that WLF received a $30 million investment from a foreign businessman who is currently under investigation by the Securities and Exchange Commission (SEC).
Connolly’s letter addressed to House Oversight Committee Chairman James Comer.
Source: oversightdemocrats.house.gov
Connolly’s letter suggests that the funds may have been used to channel financial benefits to the Trump family, raising serious concerns about potential foreign influence and ethical violations.
World Liberty Financial and Foreign Investments
Congressman Gerald Connolly has raised significant concerns over the token $Trump, launched just days before Donald Trump’s presidential inauguration.
According to Connolly, buyers of the token have reportedly seen no financial returns, even as its price has soared into the tens of billions of dollars. Ethics experts fear that the token could function as a vehicle for transferring funds directly to the Trump family.
“Ethics experts have already raised serious concerns that President Trump “is literally cashing in on the presidency — creating a financial instrument so people can transfer money to the president’s family in connection with his office.” At the time of this letter, $Trump has a total value of nearly $45 billion,” Connolly wrote.
Congressman Gerald Connolly.
Source: CNN
Connolly’s concerns go beyond cryptocurrency. He also criticized Donald Trump’s growing web of financial interests, particularly through the Trump Organization. Among the questionable dealings are a recent partnership with Dubai-based DAMAC Properties and an upcoming tournament at Mar-a-Lago sponsored by LIV Golf, a Saudi-funded league.
In his letter, Connolly pointed to a policy during Trump’s presidency:
“any person or company investing at least $1 billion into the U.S. ‘will
receive fully expedited approvals and permits, including all Environmental approvals.’”
Jared Kushner’s Financial Ties Spark Concerns Over National Security
Congressman Gerald Connolly has raised alarms about Donald Trump’s son-in-law Jared Kushner’s financial dealings, focusing on substantial investments his firm has received from Gulf nations.
In a letter to the House Oversight Committee, Connolly pointed out that these investments exceed the sums investigated during Donald Trump’s impeachment proceedings. He emphasized that such transactions demand rigorous scrutiny.
Connolly warned that Kushner’s financial connections could pose significant national security risks by potentially allowing foreign entities to influence U.S. policy. He called for full disclosure and oversight of these dealings, citing the provisions of the Presidential Ethics Reform Act.
Connolly Calls for Bipartisan Action to Uphold Ethical Governance
In his closing remarks, Congressman Gerald Connolly urged Democrats and Republicans to work together to uphold ethical standards in government. He cautioned that ignoring potential conflicts of interest could erode public trust and confidence.
“Ethical governance is not a partisan goal – it is a shared responsibility,” Connolly emphasized.
Donald Trump Distances Himself from $TRUMP Project, Claims Limited Involvement
President Donald Trump downplayed his involvement with the digital asset $TRUMP, stating he has little knowledge of the project. His comments came during a January 21 press conference where he announced a $500 billion artificial intelligence investment initiative.
“I haven’t checked it. Where is it today?” he asked. Upon learning that his token was still worth billions, he said, “Several billion … that’s peanuts for these guys,” Trump said, referring to OpenAI chief Sam Altman, Oracle’s Larry Ellison, and SoftBank’s Masayoshi Son, who were in attendance.
The $TRUMP token was unexpectedly launched by Trump’s cryptocurrency team on January 18. By the next day, its price hit an all-time high, with a fully diluted valuation exceeding $70 billion—outperforming many other popular memecoins.
Related: Survey Reveals 81% of TRUMP Token Buyers Profited
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