ChainCatcher reports that Senator Warren called the application “the most despicable” presidential corruption scandal, pointing out that an investment firm related to UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan invested $500 million in WLFI four days before Trump’s inauguration, gaining 49% equity, with approximately $187 million flowing to Trump family entities.
Warren urged Gould to reject or suspend the review of the application, stating that approval would make him “an accomplice in corruption.” Gould refused to intervene, saying he would handle the application through normal procedures, and countered that the only political pressure he felt came from Warren. Forty-one House Democrats previously wrote to the Treasury Secretary warning that approving the license could threaten “the legitimacy of the U.S. banking system and its independence from foreign actors.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Kalshi "Iran Leader Resignation" $50 Million Prediction Contract Settles Controversy! CEO: Rejecting Death Arbitrage
After Iran's Supreme Leader Khamenei's death, the prediction market Kalshi refunded $2.2 million due to contract settlement disputes, as its original intention was to avoid profiting from death events. This incident has prompted US lawmakers to call for a thorough investigation of war-related contracts and question the morality and fairness of the market. Other platforms like Polymarket are also facing controversy over similar issues.
CryptoCity1h ago
Brazilian Exchanges Receive New Bank Secrecy and Accounting Standards Provisions
The measures seek to fully integrate crypto exchanges into the established financial system and protect the identity information of the institution’s customers. The Central Bank states that this will promote “transparency, comparability, and predictability of information provided to the market.”
B
Coinpedia1h ago
The Russian Central Bank warns about crypto scams, with 84% of pyramid schemes using virtual currencies for fundraising.
The Russian Central Bank warns of a rapid increase in cryptocurrency scams, with 84% of fraudsters using cryptocurrencies for fundraising in the 2025 report. Last year, 7,087 financial scam schemes were identified, with 80% operating online. The central bank has taken action to block related websites and strengthen regulation, and plans to restrict overseas crypto exchanges, emphasizing the need to choose legitimate companies for investment.
MarketWhisper2h ago
South Korea Recognizes Digital Asset Management Flaws: Finance Minister Announces Comprehensive Crypto Asset Regulation Reform
The Korean government will conduct a comprehensive review of public sector management of digital assets. Deputy Prime Minister Koo Yun-cheol announced plans to strengthen regulation and security mechanisms, especially the process of seizing encrypted assets. This move stems from recent public criticism due to management errors. The government will work with relevant agencies to systematically review related procedures and establish stricter security standards to prevent similar incidents from happening again.
GateNews2h ago
X Platform Launches "Paid Promotion" Label Feature, KOL and YouTuber Sponsored Content Will Be Fully Transparent
The social platform X (formerly Twitter) has launched the "Paid Partnership" label feature, allowing creators to easily mark sponsored content and enhance transparency. This is especially important for crypto KOLs' promotional posts, as undisclosed content may result in account suspension, emphasizing the platform's credibility and user trust. This move requires creators to pay more attention to compliance and changes the marketing collaboration model.
動區BlockTempo3h ago
