House Democrats Warn of ‘Shocking’ Corruption, Demand Trump Crypto SARs by May 30

By: crypto news|2025/05/16 03:30:09
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Three key Democratic members of the House of Representatives are urging U.S. Treasury Secretary Scott Bessent to unseal suspicious activity reports (SARs) into “politically oriented” ventures potentially affiliated with current U.S. President Donald Trump, as revealed in a May 14 letter.House Dems Demand SARsWritten by Representatives Joseph Morelle, Jamie Raskin, and Gerald Connolly, Wednesday’s letter requested documents related to Trump-affiliated crypto platform World Liberty Financial and Trump-branded meme coins, $TRUMP and $MELANIA.The Congressmen also requested SARs related to Republican fundraising platform WinRed and a handful of political action committees (PAC), including Elon Musk’s super PAC, America PAC, over concerns of “potential bribery, influence-peddling, threats to national security, market manipulation, and/or predatory and deceptive practices targeting vulnerable Americans.”NEW TODAY: Oversight Dems, @HouseJudiciary, and @HouseAdm_Dems are demanding the Treasury Dept turn over Suspicious Activity Reports on these organizations to investigate election fraud & corruption.Democrats are fighting to protect the integrity of our govt and our elections. pic.twitter.com/H84miZjBbL— Oversight Committee Democrats (@OversightDems) May 14, 2025The coalition of Democratic lawmakers focused on accessing materials tied to Trump’s crypto ventures, which they called an “unprecedented” and “shocking” form of corruption.“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,” the House members said of $TRUMP.The letter specifically requests that the SARs include information starting from January 1, 2023, and be provided by May 30.Trump’s Crypto Connections Under ScrutinyTrump’s ties to crypto have been a major source of partisan divide in recent weeks, with Democratic Senators Elizabeth Warren and Adam Schiff calling on Jamieson Greer, the acting director of the U.S. Office of Government Ethics, to launch an “urgent inquiry” into U.S. President Donald Trump’s gala dinner for top investors in his meme coin, $TRUMP, last month.“The American people deserve the unwavering assurance that access to the presidency is not being offered for sale to the highest bidder in exchange for the President’s own financial gain,” the senators said in the April 25 letter.Trump has yet to comment publicly on the Democratic representatives’ requests.The post House Democrats Warn of ‘Shocking’ Corruption, Demand Trump Crypto SARs by May 30 appeared first on Cryptonews.

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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