A bipartisan effort in the U.S. Senate aims to restrict presidential profiteering from stablecoins, aiming to prevent potential financial gains tied to Trump’s USD1 stablecoin involvement. The GENIUS Act amendments proposed by Senators Chuck Schumer, Elizabeth Warren, and Jeff Merkley target a stablecoin issued by World Liberty Financial, with ties to Trump family businesses. This move addresses concerns about financial conflicts of interest for the President and seeks to curtail potential benefits for the Trump family from the USD1 stablecoin. The amendment would establish a precedent against presidential profit in the rapidly growing stablecoin market. Market analysts are closely watching how this proposal will impact the trajectory of stablecoin legislation in the U.S., as it could set a regulatory precedent impacting future cryptocurrency initiatives involving government officials.