Senator Warren: "Stablecoin amendment to be proposed… Trump's family wallet launch is problematic"
Summary
- Senator Elizabeth Warren announced that she plans to propose an amendment to the stablecoin bill, which includes a preferential clause for crypto asset wallets.
- Warren stated that the bill should not pass without anti-corruption measures, in light of the Trump family's plan to launch their own wallet.
- The Trump Group announced that they are preparing to launch an official wallet in collaboration with WLFI.
Elizabeth Warren, a U.S. senator known for her anti-crypto stance, has declared that she will block the Trump family's attempt to launch their own wallet.
On the 4th (local time), Senator Elizabeth Warren stated via X (formerly Twitter), "The Republican Party has added a preferential clause for crypto asset wallets at the last minute to the stablecoin bill known as GENIUS," and added, "Furthermore, the Trump family is planning to launch a crypto asset wallet."
She continued, "I plan to propose an amendment to close the loophole in this clause," emphasizing, "The bill should not pass without fundamental anti-corruption measures."
Meanwhile, Eric Trump previously shared on X, "The Trump Group plans to launch an official wallet in partnership with World Liberty Financial (WLFI)."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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