Overview

• Speaker Mike Johnson asserted that President Trump’s business activities are transparent and ethical, while admitting he knows little about Trump’s memecoin initiative.
• Johnson reiterated his criticism of the Biden family’s business dealings, labeling them secretive and deceptive, while praising Trump’s openness.
• Democratic lawmakers, including Sens. Elizabeth Warren and Jeff Merkley, have called for a federal investigation into Trump’s crypto ventures, citing concerns over potential kickbacks and bribes.
• World Liberty Financial, linked to Trump’s family, is set to use its new stablecoin in a $2 billion transaction with MGX and Binance, raising transparency questions.
• Critics, including Rep. Sean Casten, accused Johnson of partisan bias and failing to apply the same scrutiny to Trump’s dealings as he does to the Bidens.