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Trump Family’s Crypto Ventures Spark Concerns in Stablecoin Bill Talks
Trump Family’s Crypto Ventures Spark Concerns in Stablecoin Bill Talks
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The Trump family’s deepening involvement in cryptocurrency ventures is creating headwinds for bipartisan negotiations on the GENIUS Act, a pivotal stablecoin regulation bill in the U.S. Senate. World Liberty Financial’s USD1 stablecoin—boasting a $2.1 billion market valuation—has become a lightning rod for ethical scrutiny.
Controversy intensifies as a Trump-linked memecoin raises questions about potential conflicts of interest. Current congressional ethics provisions conspicuously exclude the president, vice president, and their families—a loophole drawing sharp criticism from Democratic aides.
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