{"id":17746,"date":"2025-10-23T06:42:54","date_gmt":"2025-10-23T06:42:54","guid":{"rendered":"https:\/\/lotayamedia.xyz\/?p=17746"},"modified":"2025-10-23T06:42:54","modified_gmt":"2025-10-23T06:42:54","slug":"trumps-crypto-ties-stall-genius-act-amid-growing-conflict-concerns","status":"publish","type":"post","link":"https:\/\/lotayamedia.xyz\/?p=17746","title":{"rendered":"Trump&#8217;s Crypto Ties Stall GENIUS Act Amid Growing Conflict Concerns"},"content":{"rendered":"<p><img class=\"Sirv\" data-src=\"https:\/\/chartakelay.sirv.com\/Images\/22%2010\/k.jpg\" alt=\"\"><br \/>\n<script src=\"https:\/\/scripts.sirv.com\/sirvjs\/v3\/sirv.js\"><\/script><\/p>\n<p><a href=\"https:\/\/lotayamedia.xyz\/?page_id=17744\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lotayamedia.xyz\/wp-content\/uploads\/2025\/10\/6666-1.jpg\" alt=\"\" width=\"1080\" height=\"1350\" class=\"alignnone size-full wp-image-17629\" srcset=\"https:\/\/lotayamedia.xyz\/wp-content\/uploads\/2025\/10\/6666-1.jpg 1080w, https:\/\/lotayamedia.xyz\/wp-content\/uploads\/2025\/10\/6666-1-240x300.jpg 240w, https:\/\/lotayamedia.xyz\/wp-content\/uploads\/2025\/10\/6666-1-819x1024.jpg 819w, https:\/\/lotayamedia.xyz\/wp-content\/uploads\/2025\/10\/6666-1-768x960.jpg 768w, https:\/\/lotayamedia.xyz\/wp-content\/uploads\/2025\/10\/6666-1-800x1000.jpg 800w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\" \/><\/a><\/p>\n<p>Donald Trump&#8217;s personal cryptocurrency ventures are creating roadblocks for his administration&#8217;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<p>Why Did the GENIUS Act Fail?<br \/>\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<p>\u2714 Trump\u2019s $TRUMP Meme Coin \u2013 The token surged after his endorsements, raising ethical concerns.<br \/>\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.<br \/>\n\u2714 Money Laundering Risks \u2013 Some Democrats demanded stricter AML (anti-money laundering) rules before backing the bill.<\/p>\n<p>The bill ultimately failed, receiving only 48 votes (60 were needed).<\/p>\n<p>Lawmakers Warn of Corruption &#038; National Security Risks<br \/>\nSenators highlighted serious ethical and security concerns:<\/p>\n<p>&#8220;People who wish to cultivate influence with the president can enrich him personally by buying cryptocurrency he owns or controls.&#8221;<br \/>\n\u2014 Sen. Jeff Merkley (D-Ore.)<\/p>\n<p>Merkley argued that Trump\u2019s crypto dealings create a &#8220;corrupt practice&#8221; that could:<\/p>\n<p>Undermine national security<\/p>\n<p>Erode public trust in government<\/p>\n<p>Encourage foreign manipulation<\/p>\n<p>What\u2019s Next for Crypto Regulation?<br \/>\nDespite the setback, some lawmakers remain hopeful:<\/p>\n<p>Sen. Kirsten Gillibrand (D-N.Y.) stressed that stablecoin regulation is still necessary.<\/p>\n<p>Others insist on stronger safeguards to prevent conflicts of interest.<\/p>\n<p>However, Trump\u2019s crypto ventures may continue to complicate efforts to pass clear crypto laws, leaving the industry in regulatory limbo.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump&#8217;s personal cryptocurrency ventures are creating roadblocks for his administration&#8217;s crypto regulatory agenda, with the GENIUS Act\u2014a key stablecoin &#8230;<\/p>\n","protected":false},"author":1,"featured_media":17741,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_title":"","rank_math_description":"","rank_math_focus_keyword":"","rank_math_keywords":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-17746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/17746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"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=17746"}],"version-history":[{"count":1,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/17746\/revisions"}],"predecessor-version":[{"id":17747,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/17746\/revisions\/17747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/media\/17741"}],"wp:attachment":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}