Golden Finance reported that Gerry Connolly, the top Democrat on the U.S. House Oversight Committee, sent a letter to the Republican chairman of the committee one day after Trump's new term began, requesting an investigation into the president's business relationships. "The committee must take immediate action to investigate the serious conflicts of interest that Donald Trump brought into the Oval Office, the financial entanglements and quid pro quo promises of President Trump — and the Trump Organization —" he said in the letter. The scope continues to grow and is disturbing.” In addition, Rep. Maxine Waters, the ranking Democrat on the House Financial Services Committee, said in a statement: "Through his meme currency, Trump has created a way to circumvent national security and anti-corruption laws, allowing interested parties to anonymously report to him and his inner circle. Buyers may include large corporations, allies who are forced to show 'respect' to the president, and our adversaries who have much to gain from influencing Trump's presidency," Waters believes. Not only does this token harm Trump, it tarnishes the entire industry.