#ILOVE$TRUMP **š #TRUMPCOIN Controversy: Trump-Linked Stablecoin Sparks Ethics Concerns**
World Liberty Financial (WLFI), backed by Trump, plans to launch **USD1 stablecoin**, raising conflict-of-interest fears. Critics warn of market manipulation, foreign influence, and constitutional violations.
š“ **Key Issues:**
- **Pump-and-dump history**: WLFIās memecoin ($TRUMP) surged pre-inauguration, then crashed.
- **Suspicious timing**: Bought $20M in crypto before key White House events.
- **Foreign influence risk**: Global users, including sanctioned entities, could exploit USD1.
- **Ethics violations**: Trump holds 60% equityācould profit from policy decisions.
š” **Regulatory Backlash:**
- Elizabeth Warren demands ethics probe.
- SEC ex-official warns of "opacity and illicit finance."
- Legal experts call it a **"constitutional violation."**
š¬ **Crypto Industry Split:**
ā
Some cheer mainstream adoption.
ā Others fear market instability & corruption.
**Will regulators act? Or will #TRUMPCOIN dominate?** šš„
*(Source: Cointelegraph, NYT)* #Crypto #Stablecoin
#ETHICS