U.S. senators urge the Treasury and Justice Departments to investigate the relationship between CEX and Trump.

On May 9, Bloomberg reported that a group of Democratic U.S. senators, including Senator Chris Van Hollen of Maryland and Senator Elizabeth Warren of Massachusetts, sent a joint letter to the Secretary of the Treasury and the Attorney General asking for an investigation into the CEX's connection to the Trump family's digital asset program. The letter noted that Abu Dhabi investment firm MXG completed a $2 billion investment in CEXs through the USD1 stablecoin controlled by the Trump family in March this year, raising concerns about compliance risks. In 2023, CEX pleaded guilty to violating anti-money laundering regulations, and CZ has already served four months in prison. Senate Democrats just held off on May 9 on the passage of the Stablecoin Act, citing a clause that "prevents incumbents from profiting from crypto projects." The joint letter asks the Treasury Department and the Department of Justice to submit three statements by May 21: the progress of CEX's implementation of the plea agreement, the timeline for exiting the U.S. market, and whether a pardon for CZ has been discussed. According to the Wall Street Journal, representatives of the Trump family have discussed the investment in CEX. The US consulted (previously denied by CZ). "The idea that this administration may allow CEX to continue operating and expanding in the U.S. is deeply troubling, especially given the company's repeated disregard for federal laws and regulations that keep Americans safe," the letter read.