Although most of the members of the US Senate voted on 20 May to advance a bill to regulate the payment Stabecrim, high-ranking Democrats are planning to amend the law to address the connection of President Donald Trump’s cryptocurrency industry’s connection.
According to Ex -Cosyos report on 22 May, Senate Minority Leaders Chak Shumar and Senator Elizabeth Warren and Jeff Merkle Will file To prevent the US President from making profits from stablecoins, an amendment to establish and establish national innovation for the US StableCoins Act, or the Genius Act. The proposed amendment will come with Republican in the Senate after 18 Democrats Voting to pursue the bill On May 20, on May 20, a procedural vote failed.
“Passing the Genius Act without our anti -corruption amendment affects a Congress seal and the highest bidder for approval on the sale of Trump,” Said In X Post on 22 May.
Trump is involved in his three sons Crypto Platform World Liberty Financial (WLFI), which launched its USD1 Stabecin in March. Critics have reported that the President may personally benefit from the law which helps recognize stabecoin such as USD1 as financial instruments in the US.
Connected: US MP introduced anti -corruption bill before Trump’s dinner
Abu Dhabi -based investment firm said that it will happen Use USD1 to deal with $ 2 billion investment In Benance, effectively allows the President’s family to benefit from the transaction fee. Democratic MPs already Called for an inquiry In Trump’s connection to the platform, which was massively rejected as “flawed” by Zach Vitcooff, the co-founder of WLFI.
Democrat says
Merkle and Warren are also hosting a dinner for 220 people to host a dinner at their golf club for Trump, who bought the most important amounts of their individual memecoin. Mercury expects Participate in one protest Outside the Trump site on 22 May, the Progressive Political Organization organized by the Consumer Advocacy Group public citizen in partnership with our revolution.
https://www.youtube.com/watch?v=VKCCRVDC0
Rabbit Conducted Mercale, a press conference with Senator Chris Murphy and public civil representatives, called Trump to “release guest list” for the dinner event. However, some potential attendees have publicly announced that they were the owners of the purse who bought and intended to go, the majority of the publication was still anonymous.
Murphy said, “What is happening tonight – this private, secret dinner – in which Donald Trump’s pockets, get access to them, perhaps all is the most corrupt of corruption,” said Murphy.
“They were able to pay their way to achieve the audience with the President of the United States to ask for favorable national security concessions.”
Cointelegraph arrived at the White House for comment, but did not receive a response at the time of publication.
magazine: Trump’s crypto venture enhances conflict of interests, Insider Trading Questions
