Senator Warren Calls for SEC Probe into Trump-Linked Crypto Firm WLF

2026-05-17 14:26

Senator Elizabeth Warren has urged the SEC to investigate World Liberty Financial, Inc. (WLF), a cryptocurrency company backed by the Trump family, for potential investor deception and securities law violations. In a letter to SEC Chairman Paul Atkins, Warren highlighted WLF's recent pledge of $440 million in WLFI tokens as collateral to borrow $75 million, which led to a 10% drop in WLFI's price and liquidity issues on the Dolomite platform. Warren also criticized WLF's token unlock schedule, which restricts early investors from selling for two years, causing investor backlash. She requested an SEC response by May 26, 2026.

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