🌐 1. Trump Media files for Bitcoin/Ethereum ETF
“Trump Media is pushing deeper into crypto after filing to launch a bitcoin-ether ETF”
Business Insider reports that Trump Media & Technology Group recently submitted documents to the SEC to create an ETF—75% in bitcoin, 25% in Ethereum—through Crypto.com as the designated liquidity provider. This move follows their earlier $2.5 billion Bitcoin treasury initiative and stablecoin launch (USD1), underscoring a strategic push into crypto finance under Trump’s banner .
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🏛️ 2. Ethics concerns in Senate’s stablecoin bill
An article from Investopedia also dives into the Senate-passed GENIUS Act (June 18), noting controversy tied to Trump’s crypto interests. While Congress banned stablecoin ownership for lawmakers and executive officials, it notably exempted the President, raising conflict-of-interest flags given Trump's ties to USD1 and World Liberty Financial .
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📈 3. Senate advances stablecoin framework
Business Insider complements this coverage, highlighting both the approval of the GENIUS Act and Trump’s “crypto-friendly stance”—including USD1 stablecoin rollout and hints at a Trump-backed crypto wallet—painting a clearer picture of the rising influence of Trump-aligned policies in Congress .
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🔍 Key Takeaways:
ETF Ambitions: Trump’s media empire is moving into investment vehicles—an ETF that blends bitcoin and Ethereum highlights a broader ambition.
Regulatory Edge: The GENIUS Act underpins stablecoin issuance, yet exempts presidential holdings—raising ethical concerns around Trump’s dual role as policymaker and participant.
Political-Crypto Overlap: Trump and his affiliates are increasingly weaving personal crypto ventures into national policy narratives.
