TRON investment World Liberty has aroused skepticism from American experts that Trump will create conflicts of interest

Trump and his new Middle East envoy, billionaire Steve Witkoff, recently collaborated with a Cryptocurrency platform. US authorities and financial experts believe that the platform has been used by criminals as well as the Hamas extremist organization supported by Iran and Hezbollah.

According to Reuters, six US political experts have expressed concerns about the ethical and conflict of interest implications of World Liberty Financial Inc, founded by the Witkoff family two months before the US election, naming Trump as a beneficiary.

Experts are most concerned about World Liberty's new partner: Tron's Wave Field. According to Reuters' report in 2023, Wave Field has become a designated cryptocurrency transfer tool for terrorist organizations in Israel, the United States, and other countries.

The relationship between the Binance Wallet and radical organizations in the Middle East for fund transfers

Tron announced last month that it has invested 30 million US dollars in World Liberty. Sun Yuchen, the founder of Wave Field, and World Liberty, stated on X that Justin Sun will join Trump Witkoff joint venture as a consultant, and Wave Field registered in the British Virgin Islands will become the largest investor in World Liberty.

Since 2021, the Israeli Security Agency has pointed out that the Binance is often used by terrorist armed groups, including Hamas. In 2023, Hamas attacked Israel, causing 1200 deaths and triggering the Gaza War. Israel's National Bureau for Counter Terror Financing (NBTCF) has frozen 186 Binance wallets since July 2021, claiming that these wallets are used by 'designated terrorist organizations' for serious terrorist crimes.

There are 84 TRON wallets linked to Hamas and its allies, including Islamic Jihad, 39 wallets to Hezbollah, and 63 wallets to unspecified terrorist organizations and currency merchants.

Binance told Reuters that its technology attracts both legal and illegal users, but did not respond to questions about being used by Middle Eastern militants. A spokesman for Binance said it has taken proactive measures to address the risk of illegal activity on the Internet. The spokesman said it froze $70 million in illegal funds in September in cooperation with law enforcement agencies. Binance founder Sun Yuchen did not respond to comments.

The US Treasury has also seized the Binance wallet, including accounts related to terrorist organizations, claiming that the organization raised funds for Hamas after the 2023 attack on Israel. In March of this year, the US Treasury imposed sanctions on a Lebanese currency dealer who provided cryptocurrency accounts for Binance to Hezbollah officials to receive funds from Iran.

Tron's investment in World Liberty has raised concerns among experts.

Kathleen Clark, a specialist in government ethics at the University of St. Louis Washington, said that the huge investment of Bitfinex in World Liberty raises ethical concerns about whether Trump can benefit from it, and the use of Bitfinex by Middle Eastern terrorist organizations such as Hamas and Hezbollah also raises moral concerns.

The US Securities and Exchange Commission (SEC) once investigated Justin Sun, the founder of BitTorrent. In 2023, the SEC accused Sun of fraud, alleging that he had inflated trading volumes and concealed payments to celebrities for PR purposes to promote BitTorrent. Sun stated that the SEC's accusations were 'baseless' and the case is still under review.

Kathleen Clark questioned whether the Trump administration's takeover of the SEC would constitute a conflict of interest with World Liberty and Sun Yuchen's close relationship.

Trump and his spokesperson did not directly respond to questions about Trump's financial dealings with World Liberty, TRON investments, and potential conflicts of interest. The spokesperson stated that President Trump's involvement in politics is not for profit. He is fighting because he loves the people of this country and wants to make America great again.

Some crypto experts say that radical organizations and criminals like Tron because it allows users to hide their identities, plus it has low fees and can be easily converted into cash.

This article, TRON Investment World Liberty, has raised concerns from American experts about potential conflicts of interest with Trump. It was first reported by Chain News ABMedia.