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…
