The GENIUS Act, proposed by President Donald Trump, seeks to regulate stablecoins, including their use for national reserves and anti-illicit finance measures. Despite bipartisan backing in its initial stages, the bill faces strong Democratic opposition, with Senators Elizabeth Warren and Jeff Merkley raising concerns about potential conflicts of interest stemming from Trump’s involvement in a digital token known as USD1 Stablecoin. 💰 Warren argues that the bill could yield personal financial gains for President Trump through favorable regulatory structures for his ventures. Meanwhile, Senator Bernie Sanders contends that the bill undermines consumer protection by potentially benefiting the Trump family via decentralized finance. 🤔 🔒 🇺🇸