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S.Res. 243

ResolutionFederalSenateIn Committee
A resolution condemning the financial entanglements of World Liberty Financial, Inc. with President Donald J. Trump, the Trump family, and the Trump Administration.
About This Bill
Committee
Latest Action · May 21, 2025
Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S3064-3065)
Congress
119th (2025–2027)
Introduced
May 21, 2025
Sponsor
Sen. Richard BlumenthalD
Cosponsors (0)
None
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Summary

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This Senate resolution condemns President Trump's financial involvement with World Liberty Financial, Inc. (WLFI), a cryptocurrency firm in which Trump and his family hold substantial ownership stakes and claim over 75 percent of net revenues. The resolution raises concerns about multiple conflicts of interest, including WLFI's $75 million investment from Justin Sun (who faces SEC fraud charges that have been paused under the Trump administration) and a reported $2 billion deal involving a United Arab Emirates investment firm that could generate hundreds of millions in payments to Trump and his family. The resolution argues these arrangements violate the Foreign Emoluments Clause of the Constitution, which prohibits the president from accepting payments from foreign governments without congressional approval, and cites additional concerns about WLFI's use of the Trump name to solicit investments and partnerships with companies like Binance (which pleaded guilty to money-laundering violations). The resolution demands that any proceeds Trump receives from these dealings be transferred to the U.S. government and condemns what it characterizes as unprecedented conflicts of interest and national security risks. This is a non-binding resolution expressing the Senate's position rather than legislation with legal force.

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