Donald Trump’s foray into the crypto world is not just major titles in financial circles. He now lights political fires on Capitol Hill. What started as a stable project linked to companies related to Trump has done its turn in full -fledged ethical controversy, the Democrats of the Senate calling it a risk of national security and the introduction of legislation to close it. THE Finish the Crypto Corruption Act Would prevent the government’s senior officials from holding or promoting cryptographic assets linked to their decisions.
The agreement of $ 2 billion that started everything
At the center of the storm is World Liberty Financial, a company affiliated with the Trump family. According to reports, he obtained an investment of $ 2 billion from a company based in Dubai to support a Trump Stablecoin. The token would be designed to be used on Binance, one of the greatest exchanges of cryptography in the world.
Dems lets go of the Trump cryptography empire
– The times even
Dems lets go of the Trump cryptography empire
The Senate Dems has just dropped the end Crypto Corruption Act to prohibit presidents and the family from launching parts.
They come for the stablecoin agreement of $ 2 billion in Trump linked to Abu Dhabi – the more his play has already made $ 320 million in fees.
Progressive … 
(@Thememe_times) The problem? Trump is back in the White House. Thus, a president in office with financial interest in a global crypto project has raised more than a few eyebrows. Critics call it a conflict of dangerous interest, especially since the agreement implies foreign capital and the main platforms like Binance, which had its own share of regulatory headaches.
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Democrats react with the “End Crypto Corruption Act”
In response, the senators Jeff Merkley and Chuck Schumer presented the Finish the Crypto Corruption Act. This is a simple proposal: if you are the president, vice-president, a senior federal official or a member of the congress, you and your family cannot take advantage of the same, stablescoins or any cryptographic active that you influence.
Merkley did not retain. He described the situation as “deeply corrupted” and warned that leaving it could open the valves for the stolen door offers and political payment in cryptographic space.
The act of genius strikes a wall
The broader bill than all this drama threatens is the Genius Act, bipartite legislation which was supposed to create a legal framework for stablecoins. It started strong, with the support on both sides of the aisle. But now, the Democrats of the Senate support their support.
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Senator Elizabeth Warren, who has long been skeptical about the crypto, said that the bill in its current form does not take place far enough to protect itself against fraud or money laundering. With the Trump Stablecoin, case in the shade, she and others say that the timing is simply too suspicious.
Unless the bill is revised to include stronger monitoring and responsibility, its chances of passing are slim.
Political benefits are pouring into the house
The controversy even made its way home. During a cryptography regulatory hearing, the representative Maxine Waters organized a ranging, accusing the Republicans of looking at what she described as flagrant corruption. The message of democrats is clear: they see it as more than an cryptography problem. It is a test of ethical borders to the government.
Trump’s team rejected, insisting that the Stablecoin plan was in motion before returning to power. But that did not release the concerns swirling at DC
So what can we expect now?
The crypto and the policy have officially collided dramatically. What was formerly a niche financial experience is now at the center of a legislative impasse. Whether the congress tightens the rules or allows this conduct to shape how elected officials interact with the crypto for the years to come.
One thing is certain: the age of crypto scandals in politics has happened, and it does not go away soon.
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Key dishes to remember
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Senators target the $ 2 billion dollars of $ 2 billion with new legislation, citing problems of national security and ethics.
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The Stablecoin, supported by World Liberty Financial and foreign investors, stimulates alarms due to the role of Trump as an exercise president.
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Senators Merkley and Schumer presented the end Crypto Corruption Act to ban senior government officials and their families from taking advantage of the crypto they influence.
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Democrats now retain the support of the Act on Engineering, a bill previously bipartite intended to regulate stablecoins, demanding stronger protections.
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The controversy has spread in the hearings of the house, the representative Maxine Waters organizing a ranging and accusing the Republicans of having ignored the conflicts of interest.
The position of senators targets the $ 2 billion agreement of Trump with a new bill on the ban on cryptography appeared first on 99Bitcoins.
