Bill > SRes243

This resolution condemns the financial activities of World Liberty Financial, Inc. (WLFI), a company partially owned by President Donald J. Trump and his family, highlighting several concerning aspects of its operations. The resolution points out that WLFI raised $550 million through governance token sales, with investors including Justin Sun (facing previous SEC fraud allegations) and DWF Labs, a Dubai-based cryptocurrency firm. The document raises serious concerns about potential ethics violations, including the ability of foreign governments and individuals to potentially enrich the Trump family through blockchain transactions. The resolution specifically criticizes a $2 billion deal between MGX Fund Management Limited and Binance Holdings, Ltd. using the WLFI stablecoin, arguing that this could allow the Trump family to receive hundreds of millions of dollars from a foreign state, potentially violating the Constitution's Foreign Emoluments Clause. The resolution formally condemns these financial entanglements, affirms that the agreement violates constitutional ethics requirements, and demands that any proceeds received in violation of these ethics standards be transferred to the United States Government.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/senate-resolution/243/all-info