Following the bipartisan vote to advance a bill regulating payment stablecoins (the GENIUS Act), Senator Chuck Schumer and colleagues Elizabeth Warren and Jeff Merkley have proposed an amendment aimed at preventing any future US President from profiting directly from stablecoin initiatives. This amendment comes after a majority of Senate members voted to proceed with the legislation, which previously failed procedural votes in May. The proposed amendment would address concerns about potential conflicts of interest arising from President Donald Trump’s ties to the crypto industry and his son’s involvement with World Liberty Financial (WLFI), whose USD1 stablecoin launch raised eyebrows regarding profit opportunities within the US financial system.