{"id":20921,"date":"2025-12-30T03:20:51","date_gmt":"2025-12-30T03:20:51","guid":{"rendered":"https:\/\/lotayamedia.xyz\/?page_id=20921"},"modified":"2025-12-30T03:20:51","modified_gmt":"2025-12-30T03:20:51","slug":"trumps-crypto-ties-stall-genius-act-amid-growing-conflict-concerns","status":"publish","type":"page","link":"https:\/\/lotayamedia.xyz\/?page_id=20921","title":{"rendered":"Trump’s Crypto Ties Stall GENIUS Act Amid Growing Conflict Concerns"},"content":{"rendered":"

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\nDonald Trump’s personal cryptocurrency ventures are creating roadblocks for his administration’s crypto regulatory agenda, with the GENIUS Act\u2014a key stablecoin regulation bill\u2014failing to pass the Senate this week. Lawmakers on both sides of the aisle are raising conflict-of-interest concerns, particularly over Trump\u2019s promotion of his $TRUMP meme coin and ties to a Trump-linked stablecoin.<\/p>\n

Why Did the GENIUS Act Fail?
\nThe GENIUS Act (Guaranteeing Equal Neutrality in Issuance of United States Stablecoins) aimed to establish federal oversight for stablecoins, a critical step toward crypto market stability. Initially, it had bipartisan support, but skepticism grew due to:<\/p>\n

\u2714 Trump\u2019s $TRUMP Meme Coin \u2013 The token surged after his endorsements, raising ethical concerns.
\n\u2714 Stablecoin Controversy \u2013 A Trump-affiliated stablecoin was tied to a $2B investment from Abu Dhabi\u2019s MGX into Binance, fueling fears of foreign influence.
\n\u2714 Money Laundering Risks \u2013 Some Democrats demanded stricter AML (anti-money laundering) rules before backing the bill.<\/p>\n

The bill ultimately failed, receiving only 48 votes (60 were needed).<\/p>\n

Lawmakers Warn of Corruption & National Security Risks
\nSenators highlighted serious ethical and security concerns:<\/p>\n

“People who wish to cultivate influence with the president can enrich him personally by buying cryptocurrency he owns or controls.”
\n\u2014 Sen. Jeff Merkley (D-Ore.)<\/p>\n

Merkley argued that Trump\u2019s crypto dealings create a “corrupt practice” that could:<\/p>\n

Undermine national security<\/p>\n

Erode public trust in government<\/p>\n

Encourage foreign manipulation<\/p>\n

What\u2019s Next for Crypto Regulation?
\nDespite the setback, some lawmakers remain hopeful:<\/p>\n

Sen. Kirsten Gillibrand (D-N.Y.) stressed that stablecoin regulation is still necessary.<\/p>\n

Others insist on stronger safeguards to prevent conflicts of interest.<\/p>\n

However, Trump\u2019s crypto ventures may continue to complicate efforts to pass clear crypto laws, leaving the industry in regulatory limbo.
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Donald Trump’s personal cryptocurrency ventures are creating roadblocks for his administration’s crypto regulatory agenda, with the GENIUS Act\u2014a key stablecoin …<\/p>\n","protected":false},"author":1,"featured_media":20827,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"rank_math_title":"","rank_math_description":"","rank_math_focus_keyword":"","rank_math_keywords":"","footnotes":""},"class_list":["post-20921","page","type-page","status-publish","has-post-thumbnail","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/pages\/20921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20921"}],"version-history":[{"count":1,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/pages\/20921\/revisions"}],"predecessor-version":[{"id":20926,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/pages\/20921\/revisions\/20926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/media\/20827"}],"wp:attachment":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}