Democratic Senator Elizabeth Warren has asked the US Securities and Exchange Commission regarding its plans to supervise exchange-traded funds due to be launched by Trump Media & Technology Group (DJT), citing concerns about conflicts of interest, Reuters reported Friday.

Trump Media was founded and is majority-owned by President Donald Trump.

"All SEC decisions and actions involving [Trump Media] 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 and his administration," Reuters reported, citing a letter sent by Warren to SEC Chairman Paul Atkins.

Atkins should preserve all communications regarding the deal between Trump Media and a cryptocurrency firm due to host trading of the ETF and other investment products, according to the report.

"Rather than acting to stop actual corruption on the stock market and the rampant, illegal naked short selling of stocks, Senator Warren protects hedge fund bosses and her rich donors while harassing and intimidating America-First companies," Reuters reported, citing a statement e-mailed by Trump Media.

Trump Media did not immediately respond to MT Newswires' request for comment.

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