Senator Elizabeth Warren, Senator Warren, and four Democratic Senate members, have expressed concern about the potential conflicts in the interests caused by Stablecoin that the scientist Liberty Financial (WLFI), a cryptocurrency company linked to the family of US President Donald Trump.
According to a letter It was sent to many major regulatory officials, he asked members of the Senate about what the organizational agencies are planning to carry out these concerns, as legislators seek to move forward in the streakoin legislation.
WLFI from Stablecoin Sparkine from WLFI
Stablecoin, USD1, is supported by WLFI, which holds President Trump and his family large. The Trump family’s participation creates a possible conflict in interests that could pose serious risks to the nation’s financial system. ”The message has been signed before. Five Democrats in the US Senate
The writing was directed to Michelle Bowman, Chair of the Supervision and Organization Committee at the Federal Reserve, and Rodney Hood, the financial observer of the currency. Long -launched lawmakers quarreled about how agencies are planned to organize WLFI and Stablecoin recently launched.
The message came as members of Congress Consider legislation to organize stablecoins By directing and creating the national innovation of the stablecoins for us, or the law of the genius. If the law is logged in, the draft law will mainly allow the Currency Observer Office (OCC) and the Federal Reserve to oversee Stablecoin, including for exporters such as WLFI and USD1.
Senate members argue that the Stablecoin offer, which is supervised by a president sitting, poses exceptional risks. “President Trump’s participation in this project, as it appoints financial organizers for their independence and Congress simultaneously, is the legislation of Stablecoin, an extraordinary conflict of interests that can create unprecedented risks to our financial system,” the message refers to.
Legislators warn of Trump’s financial relationships that affect Stablecoin
Senate members are concerned about the potential conflicts between Trump’s financial interests and the regulatory decisions that will be made by agencies such as the Federal Reserve and the Currency Observer Office (OCC). Financial links raise the question, as the letter states, about whether financial organizers will make decisions affected by whether the Trump family – which has 60 % of the WLFI property rights – will benefit from it.
Moreover, Trump’s executive order in February 2024 increases bad concerns. Federal agencies – including OCC – put in a notice of regularly consulting the White House on its priorities, and perhaps the president may hand over a excessive deadline for financial organization. Senate members say that such an arrangement increases the conflict of the current interests surrounding Stablecoin.
The WLFI presented in late March 2025 and is seen as a direct competition in the area of fast -growing digital currency. It was launched on the main Blockchain platforms, including ETHEREUM and BNB, details of the company along with its project greatly, which enhances additional doubts between critics.
WLFI sales of $ 550 million and the Trump family relations shine organizational and ethical concerns
Since its launch in September 2024, WLFI has completed general symbolic sales, which increased 550 million dollars. The project attracted his interest in his political prayers, as Donald Trump Junior has disturbed Stablecoin at the DC Blockchain summit in March 2025 and played a role in paying for the currency. The Trump family has a majority share in the company.
Senate members say they are concerned about the potential risks posed by Stablecoins on the financial system. However, they also ask for a stronger organizational action in the face of an increased debate in Congress on Stablecoins.
If established, the genius law will put OCC and the Federal Reserve of the Stablecoin Companies Association, such as WLFI, to ensure that they are detained according to advanced financial standards.
The executive order of President Trump in February 2024, which directs federal agencies to consult with White House officials, is regularly facing the increasing scrutiny in light of the launch of $ 1. Critics view this matter, which gives the president to influence the financial organizers such as OCC and the Federal Reserve, as it increases the possibility of conflicts in interest, especially since the Trump family has significant shares in WLFI.
Meanwhile, Congress advances to the law of genius (directing and creating the national innovation of American Stablecoins), another attempt to regulate the risks that Stablecoins offer with the transfer of legislators throughout the Congress to address their unorganized aspects.
Legislation aims to provide a stable regulatory framework for Stablecoins, OCC and Federal Reserve Grants to regulate the ecosystem for digital assets. If approved, the legislation will impose strict regulatory standards on Stablecoin exporters such as WLFI, and increased transparency and accountability in the sector.
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