US lawmakers accuse Trump of wanting to replace the dollar with a personal stablecoin

avatar
ODAILY
04-02
This article is machine translated
Show original
Planet Daily News: U.S. Congresswoman Waters accused former President Trump on April 2nd of using political influence to promote his family business's stablecoin issuance for profit, warning that Congress should reject related bills if it does not resolve his conflict of interest issues. She claimed that Trump might be attempting to have the government fully adopt his private stablecoin, replacing the U.S. dollar payment system. Lawmakers from both parties are concerned about the ethical risks of Trump's involvement in the crypto industry, which complicates legislation. The relevant stablecoin bill is currently pending committee vote.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo