“We write regarding the potential misuse of certain politically oriented fundraising ventures for fraudulent, corrupt, or other illegal purposes. The fundraising activities of the Republican online fundraising platform WinRed; several political action committees (PACs), including Elon Musk’s super PAC, America PAC; and the Trump family’s recently launched cryptocurrency (crypto) venture World Liberty Financial (WLF) and Trump-branded meme coins have raised myriad concerns about potential bribery, influence-peddling, threats to national security, market manipulation, and/or predatory and deceptive practices targeting vulnerable Americans. Chairman James Comer and Chairman Bryan Steil recently wrote to you concerning ‘potentially fraudulent and illicit financial activity related to contributions to campaigns of candidates for federal offices facilitated by online fundraising platforms,'” write Dem Congressmen Gerry Connolly, Jamie Raskin, and Joe Morelle to Treasury Suckretary Scott Bessent hinting at what’s in store if/when Dems retake the House.

“Moreover, on April 2, 2025, Republican Members of the Committee on Oversight and Government Reform, Committee on the Judiciary, and Committee on House Administration released an ‘Interim Staff Report’ focused solely on the fundraising platform ActBlue, in which they claim: ‘The Committees are deeply committed to protecting the integrity of elections, and will continue investigating to inform potential legislative reforms to improve and strengthen our democracy.”

“Despite Republicans’ professed concern for the integrity of our elections and the protection of our democracy from foreign influence, their partisan report conspicuously makes no reference whatsoever to the rampant fraud perpetrated against senior citizens through WinRed, the pattern of fraud in recent years by right-wing ‘scam PACs,’ or the unprecedented and shocking corruption enabled by Trump family crypto ventures. Moreover, the Trump Administration’s curtailment of vital programs designed to combat foreign influence and protect election integrity – including the elimination of a Federal Bureau of Investigation task force focused on foreign influence operations and dramatic cuts at the US Cybersecurity and Infrastructure Security Agency – are directly undermining these objectives. Nevertheless, we share Republicans’ stated commitment to safeguarding our elections and to good government. In keeping with that commitment, and in order to ensure that the fundraising activities by or on behalf of candidates for federal office are conducted legally and consistent with US national security, we write to request that Treasury make available to our Committees suspicious activity reports (SARs) as set forth in the requests below.”