SEC Reportedly Investigates World Liberty Partner Alt5 Sigma
The SEC is investigating Alt5 Sigma, a company that recently conducted a $1.5 billion partnership with Trump’s World Liberty Financial. Its President, Jon Isaac, is the direct target.
Apparently, the Commission is determining whether or not Alt5 Sigma engaged in fraud activities including earnings inflations, stock manipulation, and more.
SEC Investigates Trump Partner
World Liberty Financial, a major Trump family crypto enterprise, has been investing in a lot of Web3 firms lately. Recently, the firm closed a $1.5 billion deal with Alt5 Sigma, ostensibly to support a WLFI token strategy, and it invited the firm to ring the Nasdaq Bell with it. Today, however, the SEC is reportedly investigating this Trump family partner:
This report came from The Information, alleging that the SEC is investigating Alt5 Sigma and its President, not any piece of the Trump family itself. Considering that the Commission’s enforcement capabilities have severely diminished under Trump’s war on crypto enforcement, this investigation is very surprising.
It’s unclear what the final outcome will be, or exactly what the SEC is scrutinizing. This is a very fluid situation.
World Liberty Financial did not immediately respond to BeInCrypto’s request for comment.
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