Overview

• Senate Democrats introduced a bill to prohibit presidents, lawmakers, and their families from sponsoring or endorsing cryptocurrency assets.
• The Trump family’s World Liberty Financial announced a $2 billion stablecoin deal with an Emirati fund, raising ethical concerns over foreign influence and potential corruption.
• House Democrats, led by Rep. Maxine Waters, staged a walkout during a crypto legislation hearing to highlight objections to Trump’s crypto business practices.
• Critics, including Anthony Scaramucci, allege Trump’s crypto ventures create opportunities for corruption and undermine bipartisan efforts to regulate the industry.
• The GENIUS Act, a bipartisan stablecoin regulation framework, has stalled as Democrats demand stricter safeguards against conflicts of interest.