Treasury Secretary Bessent Criticized for Alleged Conflicts in Trump Family's Cryptocurrency Venture
During a House Financial Services Committee hearing, Treasury Secretary Scott Bessent faced criticism from Democratic members, particularly Rep. Gregory Meeks of New York. The criticism centered on Bessent's perceived failure to address potential conflicts of interest involving World Liberty Financial, a cryptocurrency venture co-founded by President Trump and his family. Meeks highlighted concerns over a $500 million investment from a United Arab Emirates official in the company, suggesting it could pose national security risks due to the intertwining of foreign policy and business interests. Meeks demanded a thorough investigation into these conflicts and urged a halt on any bank charter or licensing applications related to the Office of the Comptroller of the Currency, which Bessent oversees. Bessent, however, maintained that the OCC operates independently and did not commit to the requested actions. 
