🚨🇺🇸#DEMOCRATS REBEL #AGAINST CRYPTO BILL OVER TRUMP #STABLECOIN CONFLICTS
🔹Genius Act aims to regulate stablecoins, but Democrats pull support over conflict concerns
🔹$TRUMP -linked coin “USD1” via World Liberty Financial triggers alarm; firm profits from transactions
🔹9 Senate Democrats, including 4 from committee, vow to block bill unless AML, national security gaps are fixed
🔹White House denies conflict, says Trump's assets are in a trust, calls for bipartisan support
🔹Warren, Merkley cite UAE–Binance deal using USD1, urge ethics probe over possible bribery, emoluments violations
🔹Warren: “Biggest corruption scandal in modern history unfolding in plain sight”
🔹Push for strict safeguards, bans on officials profiting from crypto ventures
- Dow Jones Newswires /TradingView, May 7, 2025
🔹Genius Act aims to regulate stablecoins, but Democrats pull support over conflict concerns
🔹$TRUMP -linked coin “USD1” via World Liberty Financial triggers alarm; firm profits from transactions
🔹9 Senate Democrats, including 4 from committee, vow to block bill unless AML, national security gaps are fixed
🔹White House denies conflict, says Trump's assets are in a trust, calls for bipartisan support
🔹Warren, Merkley cite UAE–Binance deal using USD1, urge ethics probe over possible bribery, emoluments violations
🔹Warren: “Biggest corruption scandal in modern history unfolding in plain sight”
🔹Push for strict safeguards, bans on officials profiting from crypto ventures
- Dow Jones Newswires /TradingView, May 7, 2025
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