#美国稳定币法案 The shocking deals behind the Trump family's crypto empire? Warren angrily unveils the dark side of the stablecoin bill!
'Can you believe it? A stablecoin bill being discussed in the U.S. Congress could allow the Trump family to earn billions!' Recently, U.S. Senator Elizabeth Warren's furious outcry revealed a glimpse of the collusion between power and capital in Washington. This legislative game surrounding the future of the digital dollar is evolving into a century gamble concerning national financial sovereignty and personal wealth security.
1. The Trump family's crypto 'printing machine'
Last year, Trump was still calling cryptocurrency a 'scam,' but now he has become the number one salesman for digital assets. His family has quietly built a nearly $1 billion crypto empire through the mysterious platform 'World Liberty Financial.' The newly launched stablecoin USD1 claims to be 'backed by U.S. treasury bonds and cash,' but in reality, it serves as the Trump family's cash cow—according to the platform's terms, they can take 75% of the project's net revenue, and Trump's three sons directly hold executive positions. Even more outrageous, Trump himself has personally promoted products, with the 'TRUMP' meme coin launched last year raking in $11.4 million in just a month, and although the price quickly plummeted, the hard-earned money of retail investors had already lined his pockets.
Most astonishingly, the Trump family is conspiring with the UAE investment firm MGX on a $2 billion 'suspicious deal': MGX plans to invest in the cryptocurrency exchange Binance using the USD1 stablecoin, which could potentially hide foreign government interests benefiting the Trump family. Warren denounced this as 'the most shameless power rent-seeking of the 21st century,' but Trump boasted on Truth Social: 'This is the financial revolution that will make America great again!'
2. The 'Trojan Horse' in the bill
The (2025 Genius Act) currently under congressional review appears to regulate stablecoins but hides deeper implications. The act allows non-bank entities to issue stablecoins, and the Trump family's WLFI has taken advantage of this loophole. Even more outrageous, the act has virtually no requirements for reserve assets, allowing illiquid assets like short-term treasury bonds to count—this is precisely the main reserve composition of USD1. Experts warn that this design essentially opens a legal money laundering channel for the Trump family and could even trigger systemic financial risks.
Even more alarming is that one of the bill's proponents, White House 'crypto czar' David Sacks, is not only a close ally of Trump but has also publicly criticized the U.S. for losing $17 billion by selling Bitcoin in its early days, arguing that the government should stockpile cryptocurrencies. Before joining the government, he was a major player in the cryptocurrency industry. This 'revolving door' of interest transfer prompted Warren to question: 'Is this legislation, or is it a license for the Trump family?'
3. Warren's counterattack and political maneuvering
Confronted with this blatant transfer of interests, Warren has opened fire. She not only proposed an amendment in the Senate to limit stablecoin issuance to banking institutions but also joined forces with several Democratic lawmakers to call for a suspension of the bill's review on the grounds of 'national security risks.' In the latest hearing, she presented evidence that the Trump family's crypto projects have attracted funding from countries like Iran and Russia, and if the bill passes, it would open the door for these countries to evade sanctions.
But Republicans are turning a deaf ear to these warnings. Senate Majority Leader John Thune is pushing for the bill to be forced to a vote before May 26, claiming that 'this is a key step for America to become the global crypto capital.' Trump has also publicly pressured at the White House summit: 'If Congress does not pass the bill, America will lose leadership in digital finance!'
4. The shadow war of dollar hegemony and the digital future
Behind this legislative game is the ultimate contest over dollar hegemony. The Trump administration is pushing for the legalization of stablecoins while quietly establishing a 'strategic Bitcoin reserve' in an attempt to incorporate cryptocurrency into the dollar system. In contrast, the European Union is moving forward with the 'digital euro,' aiming to undermine the dollar's position. Experts point out that if the U.S. allows private stablecoins to grow unchecked, it could ultimately lead to the loss of monetary sovereignty, allowing Wall Street giants and tech oligarchs to control the financial lifeline.
Warren raised a soul-searching question on social media: 'When your money is controlled by oligarchs like the Trump family and Elon Musk, can you still trust the U.S. financial system?' Her concerns are not unfounded—if the bill passes, stablecoins like USD1 will permeate various fields such as cross-border payments and supply chain finance, making every transaction of ordinary citizens a tool for capital harvesting.
5. How should ordinary people protect themselves?
In this storm, ordinary people are not powerless. Warren suggests:
1. Be wary of the Trump family's crypto projects: stablecoins like USD1, although claiming '1:1 conversion to the dollar,' have opaque reserve assets and could collapse at any moment.
2. Follow the progress of the bill: log on to Congress's official website, write to your representatives, and demand stronger regulation of stablecoins.
3. Diversify investment risks: Do not invest all your savings in cryptocurrency, especially projects linked to political figures.
This war over money, power, and the digital future has just begun. Follow me to get the latest updates on this century's legislative game and protect your wallet!
