đ§ 1. Stablecoin & Meme Coin Expansion
Trump-linked firm World Liberty Financial (WLF), majorityâowned by his family, has launched a stablecoin called USD1âwith a market cap around $2.2âŻbillionâand promotes it heavily amid broader crypto deregulation. His meme coin, $TRUMP , once skyrocketed in value and remains a key part of his strategy .
A new stablecoin regulation bill, the GENIUS Act, just passed the Senate and categorizes stablecoins as payment systems. Critics argue it fails to address corruption and could bolster Trumpâs crypto influence .
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đ 2. Regulation & Congressional Pushback
Senator Adam Schiff and others have introduced the COIN Act, targeting Trumpâs crypto dealsâspecifically his stablecoin and memecoinâaiming to bar elected officials from issuing or endorsing digital assets near their term .
The House has launched probes into Trumpâs private â#TRUMP coin dinner,â where top holders gained access to the presidentâraising corruption and foreignâinfluence alarms .
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đ¸ 3. Business Moves & Market Updates
Trump Media & Technology Group is executing a $400âŻmillion share buyback, reaffirming its commitment to building a $2+âŻbillion Bitcoin treasury, even as it ramps up crypto investments .
**$TRUMP coin** is trading near $9.20â$9.30, with a market cap around $1.84âŻbillionâup slightly today but down from its peak in January .
Analysts flagged a dump of $150âŻmillion worth of $TRUMP tokens to exchanges like Binance, OKX, and Bybit, sparking concerns of insider selling or liquidity positioning .
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𧊠4. Ethical & Conflict Concerns
Ethics watchdogs describe the memecoin dinner as an unprecedented âorgy of corruptionâ and note foreign influencers were present .
Reporting emphasizes deepening ties between Trumpâs crypto ventures and global financiers (e.g., Justin Sun, Changpeng Zhao), whose activities raise serious conflict-of-interest implications .