Congressman's shouting match with Bessent over Trump family crypto company - ABC News
Here are the key points from the video transcript:
Heated confrontation between Treasury Secretary Scott Bessent and Congressman Gregory Meeks during a House hearing
Focus of hearing: Wall Street Journal reporting on Trump family's crypto company and potential foreign investment
$500 million investment allegedly came from a member of the United Arab Emirates royal family into Trump's crypto company
Meeks' concern: Asked whether Treasury would heighten security around Trump's crypto company; accused Bessent of not answering and "covering for the president"
Exchange escalated with Meeks calling Bessent a "flunky" and telling him to "work for the American people" rather than cover up
Ethics experts warn this situation has "no known precedent" and raises significant ethical and national security concerns about foreign government officials secretly directing hundreds of millions to a president-owned company