US lawmakers accuse Trump of wanting to replace the dollar with a personal stablecoin
2025-04-02 22:29:48
US Congressman Waters on April 2 accused former President Trump of using political influence to promote the family business to issue stablecoins for profit, and warned Congress to veto the relevant bill if it does not address its conflict of interest. She said Trump may try to get the government to fully adopt his private stablecoin to replace the US dollar payment system. Lawmakers from both parties are concerned that Trump's involvement in the crypto industry poses moral hazard and complicates legislation. The relevant stablecoin bill is pending a committee vote.
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