U.S. Lawmakers, including Elizabeth Warren and Jamie Raskin, have raised alarms about President Trump’s financial ties to cryptocurrency, specifically highlighting the TRUMP meme coin, which reportedly earned close to 100 million USD in trading fees within 14 days.

The letter also warns about Elon Musk’s significant power over federal agencies, where they claim he benefits from a lack of oversight, potentially compromising government integrity and financial stability.

Lawmakers demand immediate action from President Trump to resolve these conflicts of interest, requesting an official response from the White House by March 31, 2025.