【Shocking! Political Storm Approaches】 Trump's 'Crypto Ambitions' Disrupt, US Stablecoin Bill Stalled!

A regulatory bill for US stablecoins (GENIUS Act) that was originally seen as a breakthrough has encountered unexpected resistance due to Trump's close ties to crypto assets. Nine Senate Democrats suddenly turned against the current version of the bill, fearing a conflict between the president's personal interests and policy-making.

Trump's 'Chain Involvement' Triggers Political Landmines

Recent revelations show that Trump has been involved in meme coins and stablecoin projects, and may have investment relationships with large digital financial institutions. This series of actions has shaken Congress. Democrats accuse him of trying to profit from digital assets, particularly concerned that the bill might provide him with 'legitimate cover'.

Legislation Stalled, Strong Democratic Backlash

Democratic lawmakers who once supported the bill are now demanding the inclusion of more safeguards, including stricter anti-money laundering provisions, national security reviews, and accountability mechanisms. Some lawmakers have explicitly stated that the demand for reform stems from the president's 'profit-seeking behavior'.

Senator Elizabeth Warren bluntly stated: 'Trump is using policy to make money for himself; this blatant exchange of interests must raise alarm.'

New Bill Proposal: 'Prohibit Presidential Involvement'

Senator Jeff Merkley has proposed a new bill called the 'Stop Crypto Corruption Act', advocating for a comprehensive ban on the president and high-ranking officials from engaging in the issuance or promotion of any digital asset.

He pointed out: 'The current situation is equivalent to allowing interest groups to directly bribe the president by purchasing tokens.'

Stablecoin Legislation Stalled, Industry in Shadow

This political dispute has cast uncertainty over the entire crypto regulatory framework. The market structure reform that was highly anticipated has also been forced to a standstill, with even Democratic leaders of the House Financial Services Committee opposing the advancement of a broader hearing agenda.

Although analysts still predict that the bill may eventually pass, the premise may be significant concessions from the Democrats on regulatory matters.

Currently, industry lobbying groups are pressuring lawmakers to exclude political interference and expedite the implementation of regulations. However, as long as Trump's 'on-chain actions' continue to brew, the passage of the bill remains a distant prospect.