A resolution condemning the financial entanglements of World Liberty Financial, Inc. with President Donald J. Trump, the Trump family, and the Trump Administration.
This Senate resolution, introduced by Sen. Blumenthal on May 21, 2025 and referred to the Committee on Homeland Security and Governmental Affairs, condemns the financial entanglements between World Liberty Financial, Inc. (WLFI) and President Donald J. Trump, the Trump family, and the Trump Administration. It presents a narrative of potential ethics and national-security concerns, arguing that WLFI’s relationships—especially the participation of foreign-backed investors and a large-scale deal involving a UAE-backed MGX Fund Management Limited—could implicate the Foreign Emoluments Clause of the Constitution and undermine public trust. The resolution asserts that the arrangement with MGX Fund Management Limited may constitute a violation of the Foreign Emoluments Clause because Congress’ consent was not obtained, and it demands that any proceeds received by Trump from such an arrangement be transferred to the U.S. government. As a Senate resolution, the document expresses political findings and requests, rather than creating new law. The text frames WLFI as a platform that could enable foreign influence and conflicts of interest, citing various alleged connections in the crypto sector (e.g., ties to Justin Sun/TRON, Binance, DWF Labs) and arguing that these associations create national-security and ethics concerns. It treats the alleged violations as violations of constitutional norms and the President’s duty to uphold public trust.
Key Points
- 1Condemnation of WLFI’s financial entanglements with President Trump, the Trump family, and the Trump Administration, citing potential ethics violations, foreign influence, and conflicts of interest.
- 2Affirmation that the agreement between MGX Fund Management Limited (a UAE-backed entity) and WLFI is a violation of the Foreign Emoluments Clause due to the President’s lack of congressional consent.
- 3Demand that any proceeds from such agreements received by the President be transferred to the United States Government.
- 4Presentation of multiple “Whereas” statements detailing alleged connections (e.g., investments by prominent crypto figures, partnerships with TRON/Justin Sun, ties to Binance, and alleged sanctions-related concerns) to support claims of entanglement and risk.
- 5Emphasis on constitutional obligations and the principle that the President must uphold the public trust, framing the entanglements as undermining public confidence and national interests.