😱Unbelievable Comeback! Trump Pushes USD1 to Become the Fifth Largest Stablecoin, GENIUS Act Sparks Controversy!🚨💥

Trump's endorsement of USD1 through the voting frenzy of the "GENIUS Act" has propelled it to become the fifth largest stablecoin globally, with a market capitalization of $2.12 billion!

USD1 Soars

Launched in March by Trump family’s World Liberty Financial, USD1 received a $2 billion investment from Abu Dhabi MGX, with its market cap skyrocketing from $128 million to $2.12 billion, surpassing PYUSD and Tether Gold. Based on the BNB chain, if counted as an independent token like DAI, USD1 ranks seventh.

GENIUS Act Controversy

The "GENIUS Act" aims to regulate stablecoins but is questioned by Democrats due to conflicts of interest involving Trump and USD1. Senator Warren warns that the bill may foster "corruption." The bill establishes reserve and compliance rules, but the controversy may hinder the voting process.

Fate of USD1 in Suspense

Today’s Senate vote will determine the future of the bill and USD1. Will it secure its position as the fifth largest stablecoin, or be marginalized by regulation? The crypto world and political arena hold their breath in anticipation!