Democratic Senators Demand Probe Into World Liberty Financial’s Alleged Ties To North Korea: CNBC

Senators Elizabeth Warren (D-MA) and Jack Reed (D-RI) are urging the Department of Justice (DOJ) and the U.S. Department of the Treasury (UST) to conduct a probe into Trump-linked World Liberty Financial’s alleged ties to illicit actors in North Korea and Russia, per a CNBC exclusive report published on Tuesday.Elizabeth Warren, Jack Reed Push for ProbeAccording to a CNBC report, Reed and Warren pushed Attorney General Pam Bondi and Treasury Secretary Scott Bessent for the probe in a letter sent to the two U.S. officials on November 12.Per CNBC, the two senators cited a September 2025 report from nonprofit watchdog Accountable.US that claims “the Trump family crypto firm sold tokens to dozens of suspicious buyers who interacted with a large money-laundering platform, an Iranian crypto exchange, and even North Korean hackers.”“Ultimately, the question remains—why did the Trump family crypto firm take money from people with open and obvious connections to enemies of the United States, and the network that enables those enemies and other criminals to launder billions of dollars?” the Accountable.US report reads.However, World Liberty Financial denied any conflict of interest or wrongdoing in the CNBC report.World Liberty Financial Under ScrutinyU.S. President Donald Trump, who largely campaigned on establishing a crypto-friendly regulatory framework, is labeled as “co-founder emeritus” on World Liberty Financial’s website.His sons Donald Jr. and Eric have been given titles as the crypto platform’s “Web3 ambassadors,” while Barron serves as its “DeFi visionary.”Warren, meanwhile, has been outspoken against Trump and his affiliation with the digital asset industry as a whole.In June, Warren and fellow Senator Jeff Merkley (D-OR) sent a letter to the CEOs of MGX and Binance requesting that the companies preserve and provide communications related to their use of World Liberty Financial’s USD1.“To help us better understand the extent to which President Trump’s financial stake in USD1 influenced your companies’ decision to use this stablecoin instead of other forms of payment not connected to the President of the United States, we request additional information and documents from MGX and Binance regarding the investment,” the Senators wrote.It is still unclear if Warren’s latest push for a probe regarding World Liberty Financial’s business dealings will be successful.The post Democratic Senators Demand Probe Into World Liberty Financial’s Alleged Ties To North Korea: CNBC appeared first on Cryptonews.