Sanders Raises Alarm Over GOP Crypto Bill Designed to ‘Enrich Trump and His Billionaire Backers’
As the Republican Senate majority leader plows ahead with a plan to hold a vote on a cryptocurrency bill, Sen. Bernie Sanders is planning a Wednesday conversation with industry experts regarding the proposed legislation, which his office warns would “enrich Trump and his billionaire backers.”
The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act would create a regulatory framework for a type of cryptocurrency called stablecoins. Sanders’ (I-Vt.) office said in a Tuesday statement that the bill “threatens the stability of our financial system” and “makes it easier for President [Donald] Trump and his family to continue to engage in corrupt dealmaking enabled through their cryptocurrency, to the great benefit…
