Senate Democrats seek answers on Trump's World Liberty crypto deal ahead of GENIUS Act vote

Democrats Give In On Crypto Bill That Would Benefit Trump

Democrats had sought to amend the bill to prohibit the president from profiting from a stablecoin venture while in office, but ended up backing down.

Senate Democrats seek answers on Trump's World Liberty crypto deal ahead of GENIUS Act vote

Senators Elizabeth Warren and Jeff Merkley asked for details on a multibillion-dollar transaction between the Trump family's crypto venture and a pool of investors that includes foreign nationals.

News Release: Senate Passes Huge Giveaway to Crypto Industry, Big Tech and Trump Family - Americans for Financial Reform

The GENIUS Act (S.1528) took another step closer to becoming law after the Senate cleared a key procedural vote towards  passing this alarming bill that links crypto tokens purportedly pegged to the U.S. dollar – stablecoins –  to the broader financial system without meaningful consumer protections or safeguards for investors. This bill also stands to enrich President Trump and his family personally via their many crypto business ventures.  The …