Overview

• In a New York Post interview, Eric Trump said properly regulated dollar stablecoins could preserve U.S. currency strength, pointing to his family’s USD1 token at World Liberty Financial.
• He argued that global demand for digital assets could funnel capital into the United States and fuel a U.S.-led financial shift.
• Lawmakers including Representative Maxine Waters and five Democratic senators warned that a sitting president’s financial stake in a private stablecoin presents unprecedented risks, with Waters suggesting he could push stablecoins for government payments.
• The GENIUS Act, signed in July, set federal rules for U.S. stablecoins, yet senators including Elizabeth Warren say it leaves the Trump family free to profit from USD1.
• Supporters such as Federal Reserve Governor Christopher Waller and LayerZero CEO Bryan Pellegrino say regulated stablecoins can extend the dollar’s reach, while European voices including Amundi warn of long-term systemic risks.