Category: News

Political conflicts of interest emerge as Trump-backed USD1 stablecoin launches amid regulatory scrutiny

By coinspy Political conflicts of interest emerge as Trump-backed USD1 stablecoin launches amid regulatory scrutiny GENIUS Act proposal could dramatically expand Federal Reserve oversight of stablecoins $1.6B surge in stablecoin reserves coincides with growing institutional interest and profit-taking Unprecedented situation of a sitting U.S. president having financial ties to a regulated financial instrument Market stability […]