Senate Minority Leaders Chuck Schumer, Elizabeth Warren and Jeff Merkley will propose amendments to the GENIUS Act to prevent the US president from profiting from stablecoins. "Without the anti-corruption amendment, Congress would seal Trump's influence peddling to the highest bidder," Merkley said.
Trump and his three sons are involved in the World Liberty Financial (WLFI) platform, which launched the USD1 stablecoin in March. Critics have pointed out that the president could benefit from legislation recognizing USD1 as a financial instrument.
US senators plan to amend the GENIUS Act to prevent the Trump family from profiting from stablecoins
2025-05-22 22:17:23
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