$TRUMP ’s Personal Crypto Ventures Stall Key Legislation

Conflicts of Interest Threaten U.S. Crypto Policy

President Trump’s aggressive push into the crypto space is drawing fire from lawmakers, with bipartisan efforts to regulate digital assets now in jeopardy due to concerns over his financial entanglements.

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The failure of the GENIUS Act—a bill aimed at regulating stablecoins—came as several senators expressed alarm over Trump’s personal holdings, including his meme coin $TRUMP. Critics argue the president’s ownership of these assets invites pay-for-play schemes, especially after $TRUMP surged in value amid promotional offers like a dinner with Trump and a White House tour for top holders.

Senators Demand Accountability

Sen. Jeff Merkley warned of a “profoundly corrupt scheme” that enables influence-buying through Trump-controlled tokens. Sen. Blumenthal called it a clear conflict, while Sen. Lisa Blunt Rochester cited “ongoing self-dealing” as justification for her opposition.

The controversy has also overshadowed the newly introduced “End Crypto Corruption Act,” which aims to bar elected officials and top federal personnel from issuing or endorsing digital assets.

Industry Frustration Grows

Trump’s stablecoin-linked venture, World Liberty Financial, and alleged international investments tied to it have further complicated the policy landscape. Industry leaders warn that the president’s actions are obstructing progress and damaging the U.S.’s credibility in crypto innovation.

“It’s unfortunate that personal business is getting in the way of good policy,” said Launchpad Capital’s Ryan Gilbert. “We risk becoming a global laughingstock if this continues.”

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