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What you should know is that some prominent Democrats, such as Chuck Schumer, Elizabeth Warren, and Jeff Merkley, have decided to propose an amendment to the GENIUS stablecoin bill. Why? Because they want to prevent any American president, like Donald Trump, from personally benefiting from these currencies.

The reason behind this amendment is Trump's and his three children's connection to a digital platform called World Liberty Financial, through which they launched a stablecoin called USD1 in March. This means that if the bill is passed without amendment, Trump could benefit financially as it would legitimize this currency.

The controversy intensified when an investment company in Abu Dhabi announced that it would use USD1 to convert two billion dollars to the Binance platform. This simply means that the Trump family could benefit from the fees paid for these transactions.

Trump also hosted a private dinner at his golf club, where he invited about 220 people who purchased large amounts of his cryptocurrency, Meemcoin. Democrats say this secret dinner is used to buy influence; those who pay more get a chance to sit with the president and discuss sensitive issues. Reports even suggested that some attendees might request privileges related to national security.

Senator Chris Murphy described this dinner as one of the worst examples of corruption, stating that guests bought access to the president with their own money. As of the time this report was published.