Virginia Democrat Gerard Connolly has appealed to the Committee on Oversight and Government Appeal to investigate President Trump's conflicts of interest concerning his crypto ventures, stating that he is “unlikely to uphold any provisions from the Presidential Ethics Reform Act.” In the Jan. 21 letter , Connolly claimed that influence peddling is rampant in the incoming Trump administration and that presidential conflicts of interest are rapidly growing. Connolly said that Trump’s crypto endeavors place him in a position where foreign actors can buy his favor and even funnel money directly to him, citing several examples. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
