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President Donald Trump faces growing criticism of his “shaded” crypto companies, the Democrats of the Chamber planning a ranging from a key crypto audience while the reaction is built before his Trump token gala.
Legislators argue that Trump’s various companies – including the Trump token, the World Liberty Financial and the Stablecoin of the USD1 – pose conflicts of potential interest given its power to shape cryptographic regulations.
Senator Elizabeth Warren led the accusation, accusing Trump of using the presidency to advance the empire of family cryptography.
“The stablecoin of the Trump family has reached the 7th largest number in the world due to a shady crypto agreement with the United Arab Emirates – a foreign government which will give them a mad money,” said Warren. “The Senate should not adopt a Crypto bill this week to facilitate this type of corruption.”
The stablecoin of the Trump family reached the 7th largest number in the world due to a shady crypto agreement with the United Arab Emirates – a foreign government which will give them a mad sum of money.
The Senate should not adopt a Crypto bill this week to facilitate this type of corruption. pic.twitter.com/4is9kgpxqb
– Elizabeth Warren (@senwarren) May 4, 2025
His warning comes as the Democrats of the Chamber are preparing to get out of the joint hearing of today’s congress on cryptographic legislation, to protest against what they consider a corrupt tangle between Trump’s commercial interests and American politics.
The Trump family has several Crypto companies, including the decentralized financing platform (DEFI) World Liberty Financial, a file stable supported by a dollar called USD1, as well as the official Trump tokens (Trump) and Melania Melania (Melania).
The controversy around Trump’s crypto intensifies before the gala dinner of Trump holders
Controversy around Trump Crypto Ventures increased after Trump announcement A gala dinner for the best holders of his meme play which will take place on May 22.
Towards the end of April, Warren called on government representatives to answer questions related to the Trump token and the president’s media society.
“The announcement of President Trump promises exclusive presidency access in exchange for important investments in one of the president’s commercial companies,” Warren wrote in a letter co-signed by Californian Democratic Senator Adam Schiff.
Senator Jon Ossoff also called for the dismissal of Trump during a town hall on April 25. “When the United States in office in office sells access to what is effectively paying directly to him, there is no doubt that this increases at the level of an impenetrable offense,” said Ossoff.Trump says he doesn’t take advantage of anything
Donald Trump minimizes criticisms of cryptographic companies
Sunday, the president sat in a interview With NBC News journalist Kristen Welker. She questioned Trump about access to the American president to the greatest holders of her Trump token.
Trump minimized concerns and said that he had “no idea” of what the value of the token, adding that the price of the meme play “does not mean anything”.
He defended his Crypto companies saying that they had been launched “long before the elections”. Trump then said he was “taking advantage of anything”.
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