Senator Warren Urges SEC to Investigate Trump Family's WLF, Citing $750M Borrowing and 10% Token Collapse in April

Senator Elizabeth Warren has formally pressed the Securities and Exchange Commission (SEC) to investigate World Liberty Financial, Inc. (WLF), the cryptocurrency project backed by the Trump family, over potential investor misrepresentation and securities law violations. In early April, WLF pledged approximately $440 million in WLFI tokens as collateral through the decentralized lending protocol Dolomite, borrowing $75 million in assets (including $65.4 million in USD1 stablecoin and $10.3 million in USDC). The action triggered a 10% WLFI token price decline to historic lows. Warren emphasized in her letter that “securities anti-fraud protections apply to all securities transactions regardless of technological form or political background.” The SEC was requested to respond by May 26, 2026.