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Warren Demands Stricter Crypto Rules and Conflict Bans Over Trump’s Ties

By omitting conflict bans, the newly enacted stablecoin framework leaves policymakers free to profit from crypto deals

Elizabeth Warren
Elizabeth Warren Senator Elizabeth Warren stablecoin Trump World Liberty Financial GENIUS Act CLARITY Act
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Overview

  • In a Sunday MSNBC interview, Warren said U.S. crypto laws supercharge President Trump’s corruption and leave the economy vulnerable to illicit finance
  • She called for explicit bans on elected officials trading or advising in crypto to close loopholes in the GENIUS Act and upcoming market-structure rules
  • The GENIUS Act, signed by President Trump in July, requires full-reserve stablecoins and monthly disclosures but omits binding ethics and anti-money laundering provisions
  • Warren cautioned that the pending CLARITY Act and Anti-CBDC legislation remain too permissive on industry lobbying and offer insufficient consumer protection
  • Critics point to the Trump family’s ties to ventures like World Liberty Financial and a $2 billion UAE-backed stablecoin deal as justification for stricter conflict-of-interest measures