💨 Abstract

As President Trump builds his influence in the crypto industry, Democrats condemn his perceived corruption. The Democratic Party shows mixed support for the crypto industry, especially regarding the GENIUS Act, which aims to regulate stablecoins. While the bill includes safeguards for lawmakers, it excludes the president and his family, causing friction among Democrats. Criticism is mounting over the potential for presidential profiteering, amid heavy crypto industry lobbying and campaign contributions.

Courtesy: WTOP Staff