Congress Erupts Over Trump’s Crypto Deal

“A $2 billion crypto deal involving President Trump’s family and a foreign government is threatening to derail bipartisan stablecoin legislation that Congress has been working on for months,” Axios reports.

“Democrats see the potential for gob-smacking corruption in Trump’s lucrative crypto projects, which they consider to be the clearest conflicts of interest in a sea of new business ventures launched by the president and his inner circle.”

“The Trump family’s crypto dealings could now jeopardize legislation that the crypto industry has aggressively lobbied for as a way to gain legitimacy and legal clarity in the U.S.”