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Congress erupts over Trump's billion-dollar crypto deal

JD_co
edited May 7 in Off-Topic
https://www.axios.com/2025/05/07/trump-crypto-stablecoin-bill

A $2 billion crypto deal involving President Trump's family and a foreign government is threatening to derail bipartisan stablecoin legislation that Congress has been working on for months.

Why it matters: Democrats see the potential for gob-smacking corruption in Trump's lucrative crypto projects, which they consider to be the clearest conflicts of interest in a sea of new business ventures launched by the president and his inner circle.

The Trump family's crypto dealings could now jeopardize legislation that the crypto industry has aggressively lobbied for as a way to gain legitimacy and legal clarity in the U.S.

What's happening: Senate Democrats unveiled a sweeping new proposal Tuesday to ban presidents, lawmakers and their families from issuing, endorsing or sponsoring crypto assets, Axios' Stephen Neukam scooped.

Comments

  • Old_JoeOld_Joe
    Good grief!
    What next?
  • CrashCrash
    The emoluments clause doesn't say enough? "No, we REALLY mean it! Including crypto!"

    Trump and Repugnants are shameless and don't care. Dems need to wake up to that fact. Playing nice, by the rules, is an impotent gesture in the face of fascism and corruption.
  • AndyJ
    edited May 8
    Crash said:

    Playing nice, by the rules, is an impotent gesture in the face of fascism and corruption.

    ++++++.
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