{"id":25720,"date":"2025-05-08T07:46:44","date_gmt":"2025-05-08T07:46:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25720"},"modified":"2025-05-08T07:46:44","modified_gmt":"2025-05-08T07:46:44","slug":"senators-target-trumps-2b-stablecoin-deal-with-new-crypto-ban-bill","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25720","title":{"rendered":"Senators Target Trump\u2019s $2B Stablecoin Deal with New Crypto Ban Bill"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Donald Trump\u2019s foray into the world of crypto isn\u2019t just making headlines in financial circles. It\u2019s now lighting political fires on Capitol Hill. What started as a stablecoin project tied to Trump-linked firms has ballooned into a full-blown ethics controversy, with Senate Democrats calling it a national security risk and introducing legislation to shut it down. The<em> End Crypto Corruption Act<\/em> would prevent senior government officials from holding or promoting crypto assets tied to their decisions.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The $2 Billion Stablecoin Deal That Started It All<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">At the center of the storm is World Liberty Financial, a firm affiliated with the Trump family. According to reports, it secured a $2 billion investment from a Dubai-based company to back a Trump-branded stablecoin. The token is reportedly designed for use on Binance, one of the world\u2019s largest crypto exchanges.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f4a5.png\" alt=\"\ud83d\udca5\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">Dems Drop Bomb on Trump\u2019s Crypto Empire<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">Senate Dems just dropped the End Crypto Corruption Act to ban presidents &amp; fam from launching coins.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f440.png\" alt=\"\ud83d\udc40\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">They\u2019re coming for Trump\u2019s $2B stablecoin deal linked to Abu Dhabi\u2014plus his meme coin already made $320M in fees.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/26a0.png\" alt=\"\u26a0\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">Progressives\u2026 <a href=\"https:\/\/t.co\/L0e4uvZ5pP\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/L0e4uvZ5pP<\/a><\/p>\n<p>\u2014 The Meme Times <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f55f.png\" alt=\"\ud83d\udd5f\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@TheMeme_Times) <a href=\"https:\/\/twitter.com\/TheMeme_Times\/status\/1920108860737732657?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 7, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The issue? Trump is back in the White House. So a sitting president with a financial interest in a global crypto project has raised more than a few eyebrows. Critics are calling it a dangerous conflict of interest, especially since the deal involves foreign capital and major platforms like Binance, which has had its own share of regulatory headaches.<\/span><\/p>\n<h2>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"noopener\">Top Solana Meme Coins to Buy in May 2025<\/a><\/h2>\n<h2><span data-preserver-spaces=\"true\">Democrats Respond With the \u201cEnd Crypto Corruption Act\u201d<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">In response, Senators Jeff Merkley and Chuck Schumer introduced the <a class=\"general-link\" href=\"https:\/\/business.cch.com\/BFLD\/Merkley-End-Crypto-Corruption-Act-05062025.pdf\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><em>End Crypto Corruption Act<\/em>.<\/a> It\u2019s a straightforward proposal: if you\u2019re the president, vice president, a senior federal official, or a member of Congress, you and your family can\u2019t profit from meme coins, stablecoins, or any crypto assets you\u2019re influencing.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Merkley didn\u2019t hold back. He called the situation \u201cprofoundly corrupt\u201d and warned that letting it slide could open the floodgates for backdoor deals and political pay-to-play in the crypto space.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The GENIUS Act Hits a Wall<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The broader bill that all this drama threatens is the GENIUS Act, a bipartisan piece of legislation that was supposed to create a legal framework for stablecoins. It started off strong, with backing from both sides of the aisle. But now, Senate Democrats are pulling their support.<\/span><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_681c2b55121af\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_681c2b55121af-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_681c2b55121af-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_681c2b55121af-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_681c2b55121af-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_681c2b55121af-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_681c2b55121af-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_681c2b55121af-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_681c2b55121af-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_681c2b55121af-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_681c2b55121af-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_681c2b55121af-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_681c2b55121af-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<h2><b>DISCOVER: <\/b><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><b>Best New Cryptocurrencies to Invest in 2025<\/b><\/a><\/h2>\n<p><span data-preserver-spaces=\"true\">Senator Elizabeth Warren, who\u2019s long been skeptical of crypto, said the bill in its current form doesn\u2019t go far enough to protect against fraud or money laundering. With the Trump stablecoin deal casting a shadow, she and others say the timing is just too suspicious.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Unless the bill is revised to include stronger oversight and accountability, its chances of passing look slim.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Political Fallout Spills into the House<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The controversy even made its way to the House. During a crypto regulation hearing, Representative Maxine Waters staged a walkout, accusing Republicans of turning a blind eye to what she described as blatant corruption. The message from Democrats is clear: they see this as more than a crypto issue. It\u2019s a test of ethical boundaries in government.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Trump\u2019s team has pushed back, insisting that the stablecoin plan was in motion before he returned to office. But that hasn\u2019t eased the concerns swirling in D.C.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">So, What Can We Expect Now?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Crypto and politics have officially collided in dramatic fashion. What was once a niche financial experiment is now at the center of a legislative standoff. Whether Congress tightens the rules or lets this ride could shape how elected officials interact with crypto for years to come.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">One thing is certain: the age of crypto scandals in politics has arrived, and it\u2019s not going quiet anytime soon.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/h2>\n<h2><strong><a class=\"editor-rtfLink\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Senators are targeting Trump\u2019s $2 billion stablecoin deal with new legislation, citing national security and ethics concerns.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The stablecoin, backed by World Liberty Financial and foreign investors, is raising alarms due to Trump\u2019s role as a sitting president.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Senators Merkley and Schumer introduced the End Crypto Corruption Act to ban top government officials and their families from profiting off crypto they influence.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Democrats are now withholding support from the GENIUS Act, a previously bipartisan bill meant to regulate stablecoins, demanding stronger protections.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The controversy has spilled into House hearings, with Rep. Maxine Waters staging a walkout and accusing Republicans of ignoring conflicts of interest.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/legal\/senators-target-trumps-2b-stablecoin-deal-with-new-crypto-ban-bill\/\">Senators Target Trump\u2019s $2B Stablecoin Deal with New Crypto Ban Bill<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump\u2019s foray into the world of crypto isn\u2019t just making headlines in financial circles. It\u2019s now lighting political fires on Capitol Hill. What started as a stablecoin project tied to Trump-linked firms has ballooned into a full-blown ethics controversy, with Senate Democrats calling it a national security risk and introducing legislation to shut it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25720","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25720"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25720\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}