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House of Democrats are urging the U.S. Treasury to investigate Donald Trump’s crypto dealings, Elon Musk’s political actions committee (PAC), and the Republican fundraising platforms over possible fraud, bribery, and foreign influence. In a letter sent to Treasury Secretary Scott Bessent, top Democrats from three powerful House committees requested all suspicious activity reports (SARs) related to Trump’s cryptocurrency ventures, Elon Musk’s PAC, and the GOP’s WinRed fundraising platform. President Donald Trump, through World Liberty Financial (WLFI), launched the $TRUMP meme coin earlier this year. He promoted it on his social media accounts and at campaign events, which led to a surge in the coin’s price and attracted thousands of investors. However, lawmakers are growing more concerned because over 80% of the token’s total supply exists in digital wallets that Trump and his allies control. This means they can manipulate the price and supply to benefit themselves at the expense of ordinary investments that lack inside information or control. Lawmakers further noted that the earliest investors in the $TRUMP meme coin made millions of dollars selling their tokens at peak prices before the market crashed, leaving regular investors who bought later to suffer huge losses. The letter also highlights USD1, a proposed new stablecoin that plans to raise $2 billion through a Binance deal, a global cryptocurrency exchange, and MGX Capital (controls 90% of the token’s ownership). This proposal raises constitutional concerns because heavy foreign ownership could violate the Emoluments Clause of the American Constitution, which forbids U.S. government officials from accepting gifts or financial benefits from foreign government entities in ways that could influence elections or policy decisions. In short, USD1 could potentially open doors for foreign governments or investors to hold undue influence on the U.S. political and financial systems. To that end, lawmakers want the Treasury to review suspicious activity reports connected to World Liberty Financial and its digital wallets to trace the source and movement of funds, verify the true owners behind these wallets, and ensure that the entire operation complies fully with U.S laws to prevent money laundering, foreign interference, and other financial crimes. Elon Musk’s America PAC spent over $250 million on political campaign advertisements, voter giveaways, and messaging that strongly supports Republican candidates across multiple races, forcing Democratic lawmakers to send a formal letter demanding a thorough investigation into it. Lawmakers suggest that this large-scale spending could have influenced the elections in ways that don’t comply with existing campaign finance laws and question whether the America PAC coordinated its spending and messaging directly with GOP candidates’ campaigns or if it hid the identities of its donors. The letter cited public examples that show that Musk’s America PAC incentivized voters with prizes and held aggressive outreach through social media, which lawmakers warn crossed legal lines by “paying” or bribing voters to support specific candidates. In addition to concerns about Musk’s PAC, lawmakers stress that the Treasury must investigate WinRed, the dominant online fundraising platform the Republican Party uses to collect millions of dollars in donations, to confirm whether it verified the identity of donors, screened out legal or foreign contributions, and ensured all funds processed comply with U.S campaign finance laws. The Democrats were specific about the possibility of improper connections between the activities of Musk’s America PAC and public endorsements or promotional events involving Musk’s companies like Tesla. Lawmakers requested that Treasurey’s Financial Crimes Enforcement Network (FinCEN) review the SARs related to Elon Musk’s America PAC, the GOP’s WinRed platform, and other associated entities to support their review, and trace true suspicious financial flaws, uncover any hidden or unlawful donations, and ensure full compliance with the law. KEY Difference Wire helps crypto brands break through and dominate headlines fast

Ripple Labs is rapidly expanding its influence across the Middle East , highlighted by a major engagement with UAE officials during the Dubai Fintech Summit on May 14, 2025. Led by President Monica Long, Ripple’s delegation discussed advancing digital payment infrastructure and driving financial innovation throughout the region. The Middle East now represents 20% of Ripple’s global customer base , a significant rise since the company established its Dubai office in 2020. In 2024, Ripple further strengthened its presence through a landmark partnership with the Dubai International Financial Centre (DIFC) Innovation Hub. This collaboration focuses on promoting blockchain adoption and supporting early-stage startups in the region. Adding to its success, Ripple secured its first license from the Dubai Financial Services Authority (DFSA), allowing it to offer regulated cross-border payment services via its Ripple Payments platform. This move grants Ripple access to the UAE’s massive $400 billion trade market and promotes the use of its RLUSD stablecoin for secure, fast, and cost-efficient transactions. While Ripple focused on financial innovation, President Donald Trump’s latest diplomatic tour made waves across the region. Starting in Saudi Arabia, Trump met with Crown Prince Mohammed bin Salman, resulting in a strategic economic partnership that includes a massive $142 billion defense agreement. In a groundbreaking political move, Trump also announced the lifting of U.S. sanctions on Syria and held a historic meeting with Syria's interim President Ahmad al-Sharaa. This meeting is seen as a step toward expanding the Abraham Accords and normalizing relations between Syria and Israel. In Qatar, Trump continued his high-profile diplomacy by finalizing an unprecedented $1.2 trillion commercial deal. This includes a historic order from Qatar Airways to purchase 160 Boeing jets, the largest in the company’s history. The agreements also involve major investments in U.S. companies such as GE Aerospace, further solidifying America’s economic ties with the Gulf region. Accompanying President Trump were several of America’s most influential business figures, including Elon Musk, Sam Altman, and CEOs from Google, OpenAI, Nvidia, Uber, BlackRock, and Blackstone . Their presence underscores the administration’s focus on strengthening U.S.-Middle East economic partnerships, particularly in sectors like artificial intelligence, defense technology, and financial services. This business-focused delegation highlights a growing trend of direct collaboration between U.S. private sector giants and Middle Eastern governments, paving the way for large-scale investments and technological advancements in the region. Despite the positive economic outlook, Trump’s diplomatic tour has raised ethical concerns. Critics have pointed to potential conflicts of interest related to the Trump family’s ongoing business dealings in the region . Some fear that personal business ambitions may be intertwined with official U.S. foreign policy efforts. Additionally, while economic and diplomatic ties appear stronger than ever, ongoing regional tensions—especially the unresolved conflict in Gaza—remain a critical issue. Despite these challenges, the Middle East is emerging as a central stage for both blockchain innovation and high-level diplomatic strategy, with the U.S. playing a key role in shaping the region’s future. Ripple Labs is rapidly expanding its influence across the Middle East , highlighted by a major engagement with UAE officials during the Dubai Fintech Summit on May 14, 2025. Led by President Monica Long, Ripple’s delegation discussed advancing digital payment infrastructure and driving financial innovation throughout the region. The Middle East now represents 20% of Ripple’s global customer base , a significant rise since the company established its Dubai office in 2020. In 2024, Ripple further strengthened its presence through a landmark partnership with the Dubai International Financial Centre (DIFC) Innovation Hub. This collaboration focuses on promoting blockchain adoption and supporting early-stage startups in the region. Adding to its success, Ripple secured its first license from the Dubai Financial Services Authority (DFSA), allowing it to offer regulated cross-border payment services via its Ripple Payments platform. This move grants Ripple access to the UAE’s massive $400 billion trade market and promotes the use of its RLUSD stablecoin for secure, fast, and cost-efficient transactions. While Ripple focused on financial innovation, President Donald Trump’s latest diplomatic tour made waves across the region. Starting in Saudi Arabia, Trump met with Crown Prince Mohammed bin Salman, resulting in a strategic economic partnership that includes a massive $142 billion defense agreement. In a groundbreaking political move, Trump also announced the lifting of U.S. sanctions on Syria and held a historic meeting with Syria's interim President Ahmad al-Sharaa. This meeting is seen as a step toward expanding the Abraham Accords and normalizing relations between Syria and Israel. In Qatar, Trump continued his high-profile diplomacy by finalizing an unprecedented $1.2 trillion commercial deal. This includes a historic order from Qatar Airways to purchase 160 Boeing jets, the largest in the company’s history. The agreements also involve major investments in U.S. companies such as GE Aerospace, further solidifying America’s economic ties with the Gulf region. Accompanying President Trump were several of America’s most influential business figures, including Elon Musk, Sam Altman, and CEOs from Google, OpenAI, Nvidia, Uber, BlackRock, and Blackstone . Their presence underscores the administration’s focus on strengthening U.S.-Middle East economic partnerships, particularly in sectors like artificial intelligence, defense technology, and financial services. This business-focused delegation highlights a growing trend of direct collaboration between U.S. private sector giants and Middle Eastern governments, paving the way for large-scale investments and technological advancements in the region. Despite the positive economic outlook, Trump’s diplomatic tour has raised ethical concerns. Critics have pointed to potential conflicts of interest related to the Trump family’s ongoing business dealings in the region . Some fear that personal business ambitions may be intertwined with official U.S. foreign policy efforts. Additionally, while economic and diplomatic ties appear stronger than ever, ongoing regional tensions—especially the unresolved conflict in Gaza—remain a critical issue. Despite these challenges, the Middle East is emerging as a central stage for both blockchain innovation and high-level diplomatic strategy, with the U.S. playing a key role in shaping the region’s future.

Top House Democrats are pressing the Treasury Department to release all suspicious activity reports related to Donald Trump’s crypto ventures, Elon Musk’s America PAC, the GOP fundraising platform WinRed, and several alleged scam PACs. The May 14 letter , signed by Reps. Gerald Connolly, Joe Morelle, and Jamie Raskin, cites possible campaign finance violations, foreign influence, securities fraud, and deceptive fundraising targeting vulnerable Americans. The lawmakers are particularly focused on Trump’s crypto company, World Liberty Financial , which launched in late 2024. WLF’s non-transferable tokens, critics say, offer no real value and have drawn scrutiny for receiving $75 million in funding from Justin Sun, a Chinese-born entrepreneur facing SEC charges at the time. Shortly after Sun’s investment, the SEC paused its case. WLF has since announced the USD1 stablecoin, tied to a $2 billion deal involving a UAE-backed fund and Binance. The investigation also targets the $TRUMP ( TRUMP ) memecoin, launched just before Trump’s inauguration. Entities linked to Trump reportedly hold 80% of the token supply and have earned $100 million in trading fees. With no public records of coin buyers and the SEC ruling meme coins fall outside its jurisdiction, Democrats warn of risks of undisclosed foreign actors influencing Trump through crypto. Musk’s America PAC is also under scrutiny for allegedly leveraging financial backing to gain Trump’s political favor, including turning the White House South Lawn into a Tesla showroom. Meanwhile, WinRed and two scam PACs are being investigated for deceptive practices, including tricking elderly donors and using Trump’s voice in robocalls to raise funds. The lawmakers say the probe will help determine if new legislation is needed to prevent fraud and preserve election integrity.

Google maintained its leadership position among artificial intelligence (AI) companies in May, according to new data from PolyMarket. The prediction platform projects this trend will continue until the middle of the year. However, there is a 20% chance that other AI innovations could topple Google’s leadership in the sector by the end of 2025. In its latest post on X, Polymarket spotted Grok, a generative artificial intelligence chatbot developed by xAI, as Google’s closest rival and the AI solution with the potential of surpassing Google. Despite being relatively new, Grok developed rapidly and garnered significant adoption. The generative AI product attracted 16% of the global AI users in May, compared to Google AI’s 74%. Although Grok launched in 2023, its explosion in the mainstream became pronounced in 2025. As an Elon Musk brainchild, the AI machine is integrated with X, Musk’s famous social media platform. Users describe Grok as an AI character with a “sense of humor.” Grok’s availability of X plays a significant role in its widespread adoption. Users often interact with the AI personality on various topics, exploring its ability as an intelligent machine to gather information or find trails to solutions they seek. It is worth noting that Grok AI averaged about 17.6 million active users each month between December 2024 and March 2025, highlighting its growing adoption. According to reports, around 6.7 million people use Grok daily, and analysts expect this figure to increase. For context, there are around 650 million active monthly users on X, highlighting the enormous adoption potential for Grok. In the meantime, Google remains the prominent leader in the overall AI industry, even with Grok’s exponential growth. Google AI’s 78% user dominance in certain AI overview metrics for May highlights its vast platform adoption, with some Google AI services clocking an estimated 1.5 billion monthly users. This is a feat that would take Grok or any other AI solution a notable effort and considerable time to achieve. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Each time Elon Musk talks about xAI... he talks about Grok 😅 But $XAI also made a nice pump last week and so good chances to see it reverse from downtrend. I am setting alarm for 0.0685 to watch it there for buys.