Trump‑linked Crypto Windfall Triggers Democratic Mutiny, Puts GENIUS Act on the Brink
- Democrats are abandoning the GENIUS Act, a bipartisan stablecoin bill, after revelations that Trump-linked World Liberty Financial stands to profit massively from a $2B Abu Dhabi deal. Critics now label the bill a vehicle for “crypto corruption”.
- The controversy centers on Trump’s stablecoin project, which surged into the top ten by market cap and routes 75% of revenue to Trump-affiliated entities.
- Tensions are boiling in Congress, with Senators Schumer and Warren freezing Democratic support and calling for bans on crypto holdings for public officials.
The GENIUS Act—once touted as Washington’s stablecoin breakthrough—is bleeding support. It looks like a massive Abu Dhabi buy‑in to…
