๐ฆ๐ฒ๐ป. ๐ช๐ฎ๐ฟ๐ฟ๐ฒ๐ป ๐ฆ๐ฎ๐๐ ๐ง๐ฟ๐๐บ๐ฝ ๐๐ฎ๐บ๐ถ๐น๐โ๐ ๐๐ฟ๐๐ฝ๐๐ผ ๐๐ฒ๐ฎ๐น ๐ถ๐ ๐ฎ ๐ฅ๐ฒ๐ฑ ๐๐น๐ฎ๐ดโ๐ช๐ฎ๐ป๐๐ ๐๐ฟ๐๐ฝ๐๐ผ ๐๐ถ๐น๐น ๐๐ฒ๐น๐ฎ๐๐ฒ๐ฑ
โก๏ธ Warren Warns of Trump Family Conflict of Interest
Senator Elizabeth Warren is calling on the U.S. Senate to pause a major crypto bill, claiming there may be corruption tied to the Trump familyโs new stablecoin.
โ The stablecoin, run by Trump-linked World Liberty Financial, just surged into the top 10 globally.
โ Itโs connected to a $2 billion deal with UAE firm MGX, which plans to use it to invest in Binance.
Warren called it a โshady crypto deal with a foreign governmentโ and warned that passing the bill now could open the door to abuse of power and financial influence.
โก๏ธ Whatโs the Deal About?
MGX, a UAE-based firm backed by Abu Dhabiโs Mubadala fund and AI company G42, plans to use the Trump familyโs dollar-pegged stablecoin to move funds into Binance.
That alone has raised concerns over how much foreign money and political influence could flow through crypto platforms without proper oversight.
โก๏ธ Crypto Regulation Bill Faces Gridlock
At the center of this fight is the GENIUS Act, a key bill aiming to regulate stablecoins in the U.S.
But now, the bill is stuck:
โ Senate Democrats are pushing back against GOP changes that they say weaken protections against money laundering and financial risk.
โ Meanwhile, Republicans want to move quickly, hoping to get a floor vote before the end of the month.
โ Summary:
Sen. Warren is urging caution. With the Trump familyโs stablecoin suddenly playing a major role in international finance, she wants lawmakers to slow down and ensure there are no conflicts of interest or corruption before passing any new crypto laws.
