The Globe and Mail reports in its Saturday edition that Democratic Senator Elizabeth Warren asked the SEC on Friday to share its plans for regulating exchange-traded funds due to be launched by a company founded and majority-owned by President Donald Trump. A Reuters dispatch to The Globe quotes Ms. Warren's letter to Securities and Exchange Commission chairman Paul Atkins saying, "All SEC decisions and actions involving [Trump Media & Technology Group] and President Trump's financial interests should be carefully managed to ensure that they are free from undue political interference and influence from the President." The senator, the ranking member of the U.S. Senate's banking committee, also requested that Mr. Atkins preserve all communications regarding the deal between the President's Trump Media and a cryptocurrency company to host the ETF and other investment products, some of which will include digital assets. Ms. Warren told Mr. Atkins that Trump Media's recent announcement of a proposed sale of investment products that require the SEC's regulatory approval represents an "extraordinary conflict of interest" in which a sitting president is asking an agency he controls "to approve investments he controls."
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