House Democrats Seek Treasury Reports on Trump’s Meme Coin, World Liberty Financial

By: bitcoin ethereum news|2025/05/16 06:00:15

In brief House Democrats are seeking U.S. Treasury suspicious activity reports into President Trump’s crypto endeavors. They wish to investigate any potential misuses of political fundraising, foreign influence-seeking, and beyond. Specific mentions are made of World Liberty Financial and the TRUMP meme coin on Solana. In a letter addressed to the U.S. Secretary of the Treasury Scott Bessent on Wednesday, three prominent House Democrats asked the Treasury to provide access to all suspicious activity reports, or SARs, on President Trump’s crypto endeavors like Ethereum decentralized finance platform World Liberty Financial and the official TRUMP meme coin. The letter, penned by ranking member Representatives Gerald Connolly, Joseph Morelle, and Jamie Raskin, requested the information to investigate potential election fraud, corruption, and foreign influence-seeking, among other concerns. “We write regarding the potential misuse of certain politically oriented fundraising ventures for fraudulent, corrupt, or other illegal purposes,” the letter reads, also identifying political action committees like Trump ally Elon Musk’s super PAC, America PAC. The letter specifically calls out World Liberty Financial and the President’s official Solana meme coin as projects that have “raised myriad concerns about potential bribery, influence-peddling, threats to national security, market manipulation, and/or predatory and deceptive practices targeting vulnerable Americans.” Highlighted in the section on Trump’s crypto endeavors, the longest section of the letter, is World Liberty Financial’s WLFI token sale, which initially fell short of its fundraising goal before being buoyed with millions of dollars in purchases from Tron founder Justin Sun . Sun, who has been under the scrutiny of the SEC since 2023, recently earned a pause in that case as the regulator and his counsel seek a potential resolution to his case. The letter also specifically mentions the TRUMP and MELANIA meme coins, the former which the President has personally promoted multiple times via social media. “Because the identities of the coin purchasers need not be publicly disclosed, there is no way to tell who is buying the coin, potentially allowing bad actors, including authoritarian governments and companies they control, to enrich the Trump family,” it reads. The request asks for all filed SARs as soon as possible, but no later than May 30, seeking information filed or related to transactions from January 1, 2023 to present. World Liberty Financial launched its token sale in October 2024, while the TRUMP meme coin was launched this January. Scrutiny over Trump and his family’s personal connections to crypto have grown of late. In late April, Senators Elizabeth Warren (D-MA) and Adam Schiff (D-CA) co-signed a letter requesting an ethics probe into the President’s upcoming gala dinner, which offered exclusive invitations for top holders of his Solana meme coin. Plus, earlier this month, House Democrats walked out of a hearing on digital assets because of the president’s coziness with crypto. “Enriching himself and his family, coaxing investors by bringing them to the White House. It’s just too much,” House Financial Services Committee ranking member Maxine Waters (D-CA), told Decrypt at the time. Edited by Andrew Hayward Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Source: https://decrypt.co/319837/house-democrats-treasury-reports-trump-crypto

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins