Global Stock News

Trump’s Crypto Ventures Sap Bipartisan Support for Stablecoin Bill

Trump’s Crypto Ventures Sap Bipartisan Support for Stablecoin Bill

President Donald Trump’s crypto ventures are getting in the way of his own agenda.

The fate of a bipartisan stablecoin bill has fallen into doubt as congressional Democrats show frustration with the president’s crypto moves. The so-called GENIUS Act, once considered a quick win for the industry, is now losing support on one side of the aisle.

Pushback has grown as Trump and his family dabble in a range of crypto endeavors. These include the issuance of his own meme coin before his inauguration, involvement in a new stablecoin, a possible family stake in Binance, and a partnership between the Trump Media & Technology Group and crypto.com.

Trump will also be present at a dinner for the top holders of…

Source link

Share this article

Scroll to Top