Trump Family’s Crypto Ventures Spark Concerns in Stablecoin Bill Talks
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.