Senators Elizabeth Warren and Jeff Merkley said in a May 5 letter to the U.S. Office of Government Ethics that Trump and his family would make personal profits from investments involving the UAE government-backed company MGX, cryptocurrency exchange Binance, and World Liberty Financial (WLFI), amid growing resistance to efforts to pass cryptocurrency legislation in the U.S. Senate.
Senators said the deal amounted to a potential backdoor for foreign influence and self-enrichment, with Trump allies said to receive hundreds of millions of dollars: "This deal raises the troubling prospect that Trump and the Witkov family could expand the use of their stablecoins as a way to profit from foreign corruption."
Due to Trump's connections and ethical concerns, the US Senate crypto bill has been blocked
2025-05-06 08:34:21
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
A 25 times short ETH whale has surpassed $17 millionNext article：
稳定币总市值突破 2300 亿美元，其中 USDT 占据整个市场的 65.8%
