Deal Between Trump’s Crypto Firm And Emirati State-Owned Fund Derails Key Crypto Bill

Topline

Some Democrats pulled their support for a crypto-friendly Senate bill this week amid conflict-of-interest concerns surrounding the Trump family’s World Liberty Financial crypto firm—as Trump’s involvement in crypto complicates bipartisan efforts to establish industry-friendly regulations.

Key Facts

The crypto industry advocated for the GENIUS (Guiding and Establishing National Innovation for US Stablecoins) Act to establish a regulatory…

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