美国众议院民主党要求所有可疑活动报告（SARS）

美国众议院民主党人正式要求财政部长斯科特·贝斯特（Scott Bessent）提供有关加密货币的所有可疑活动报告（SARS）

US House Democrats are requesting Treasury Secretary Scott Bessent to provide all Suspicious Activity Reports (SARs) regarding cryptocurrency ventures linked to President Donald Trump and his family.

美国众议院民主党人要求财政部长斯科特·贝斯特（Scott Bessent）提供有关与唐纳德·特朗普总统及其家人有关的加密货币企业的所有可疑活动报告（SARS）。

In a letter dated 14 May and signed by Congressmen Gerald E. Connolly, Joe Morelle, and Jamie Raskin, concerns were raised about corruption, bribery, election finance violations, and predatory practices, especially against vulnerable citizens.

在5月14日的一封信中，并由国会议员杰拉尔德·E·康诺利（Gerald E.

The request focuses on several entities traceable to the former president, starting with World Liberty Financial (WLF), the crypto platform launched by the Trump family in 2024. The company issued a non-transferrable governance token with no intrinsic economic value and no ownership rights, but nevertheless actively promoted by the president’s circle.

该请求着重于可追溯到前总统的几个实体，从世界自由金融（WLF）开始，这是特朗普家族于2024年推出的加密平台。该公司发行了一个不可转让的治理代币，没有内在的经济价值，没有所有权，但从未有过总统的圈子。

According to the petitioners, this initiative represents one of the most serious conflicts of interest ever documented, even in light of the current administration’s pro-Trump political agenda.

据请愿人士说，这项倡议是有史以来最严重的利益冲突之一，即使鉴于现任政府的亲特朗普政治议程。

The heating of the case

箱子的加热

The case unfolded rapidly in recent months, beginning with an investment of $75 million by Justin Sun, a Chinese entrepreneur under investigation by the SEC for fraud, in WLF itself. Following Sun’s entry into the platform’s capital – which took place in two tranches between January and March – the SEC suspended enforcement action against him.

该案最近几个月迅速展开，首先是WLF本身对SEC欺诈的中国企业家贾斯汀·孙（Justin Sun）投资的7500万美元。 Sun进入平台的首都（在1月至3月之间进行了两次分段）之后，SEC暂停了对他的执法行动。

In March, WLI announced the launch of a stablecoin called USD1. A few days later, a fund linked to an Abu Dhabi investor announced its intention to use USD1 to close a $2 billion deal on the Binance exchange, generating indirect profits for WLF.

3月，WLI宣布推出了一个名为USD1的Stablecoin。几天后，与阿布扎比一家投资者有关的基金宣布打算使用USD1在Binance Exchange上完成20亿美元的交易，从而为WLF带来间接利润。

This link between stablecoins, international investments and political influence raised the alarm of Ritchie Torres, a Democratic congressman who introduced a bill to prohibit sitting presidents from profiting from stablecoins or digital initiatives with a high risk of conflict of interest.

斯塔布雷金斯，国际投资和政治影响力之间的这种联系引起了民主党国会议员里奇·托雷斯（Ritchie Torres）的警报，他提出了一项法案，以禁止现任总统从斯塔布雷克斯（Stablecoins）或数字倡议中获利，并具有高利益冲突的风险。

The $TRUMP contest and access to the president

$特朗普大赛和与总统的接触

Special attention was also paid to the launch of the $TRUMP memecoin, which occurred the day before the presidential inauguration. The cryptocurrency, which has no functional purpose, was used to organise a contest guaranteeing an invitation to dinner with Trump to the first 220 buyers of the token.

还特别关注了$ trump Memecoin的推出，该成员发生在总统就职典礼的前一天。没有功能目的的加密货币被用来组织一场比赛，以确保与特朗普共进晚餐的邀请到代币的前220名买家。

The user ranking, visible on the coin’s official website, shows only nicknames and wallet codes. No biographical data or geographical limits are required, which has fuelled suspicions about the possibility of foreigners buying political influence via cryptocurrency.

用户排名在硬币的官方网站上可见，仅显示昵称和钱包代码。不需要传记数据或地理限制，这引起了人们对外国人通过加密货币购买政治影响的可能性的怀疑。

In particular, the wallet linked to the largest buyer of $TRUMP – worth more than $18 million – was associated with Justin Sun himself. A further investment of $300 million in $TRUMP tokens was announced by GD Culture Group, a US-based technology company with ties to a Chinese subsidiary and e-commerce activities on TikTok. The deal coincided with internal debate within the administration over a possible ban or forced sale of the TikTok platform in the US.

特别是，与特朗普最大的买家有关的钱包（价值超过1800万美元）与贾斯汀·孙本人有关。 GD Culture Group宣布了一家总部位于美国的技术公司与中国在Tiktok的子公司和电子商务活动联系的GD Culture Group宣布了3亿美元的特朗普代币的进一步投资。该交易恰逢政府内部关于在美国可能的禁令或强迫出售Tiktok平台的内部辩论。

The opaque structure of the crypto empire

加密帝国的不透明结构

The structure of the $TRUMP token empire is complex and opaque. Although Donald Trump does not formally own the companies that operate $TRUMP, entities connected to the Trump Organisation control about 80 per cent of the token’s total supply, equivalent to one billion units. From exchange fees alone, according to recent estimates, over $100 million has already been collected.

$ trump代币帝国的结构很复杂且不透明。尽管唐纳德·特朗普（Donald Trump）不正式拥有经营特朗普$的公司，但与特朗普组织有关的实体控制着代币总供应量的80％，相当于10亿个单位。根据最近的估计，仅交换费用就已经收取了超过1亿美元。

The legal entities involved include CIC Digital LLC and Fight Fight LLC, both linked to the financial ecosystem of the Trump family, which has also announced the future listing of its own Bitcoin mining company.

涉及的法律实体包括CIC Digital LLC和Fight Fight LLC，都与特朗普家族的金融生态系统有关，该系统还宣布了其自己的比特币矿业公司的未来上市。

In the face of ethical and legal concerns, some parliamentarians, including some Republicans, have spoken out against the $TRUMP contest and WLF’s operations. Senator Richard Blumenthal, for example, opened a formal investigation calling the situation ‘an unprecedented pay-to-play system’.

面对道德和法律问题，一些议员，包括一些共和党人在内，已经反对特朗普竞赛和WLF的行动。例如，参议员理查德·布鲁门塔尔（Richard Blumenthal）开场了一项正式调查，称这种情况为“前所未有的付费系统”。

Meanwhile, the Genius Act, a bipartisan bill to regulate the crypto sector, was blocked due to the implications of the Trump case. Three Republicans joined Democrats in calling for stronger clauses to avoid future cryptocurrency-related conflicts of interest. “The biggest corruption crisis in modern history is unfolding now before our eyes,” said Senator Elizabeth Warren,.

同时，由于特朗普案的含义，《天才法案》（Genius Act）是一项规范加密货币部门的两党法案。三名共和党人加入民主党人呼吁提出更强大的条款，以避免未来与加密货币有关的利益冲突。参议员伊丽莎白·沃伦（Elizabeth Warren）说：“现代历史上最大的腐败危机现在正在发展。”