#BigTechStablecoin Binance & Trump‑Linked Stablecoin “USD1”
Deal talks underway – Binance is reportedly negotiating with World Liberty Financial (a Trump family-backed firm) to list its USD1 stablecoin. In a $2 billion Abu Dhabi investment, MGX used USD1 in a deal involving Binance .
Regulatory angle – Binance is lobbying the U.S. Treasury to reduce oversight tied to its 2023 plea deal. A Trump pardon for CZ is reportedly part of the calculus .
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🔸 2. U.S. Stablecoin Regulation: GENIUS/STABLE Acts
GENIUS Act stall & revival:
In early May, the Senate failed to advance GENIUS due to concerns over Trump-related conflicts and foreign issuer oversight, losing 49–60 required votes .$TRUMP
