Trump’s Crypto Ventures Under Scrutiny as Stablecoin Wars Heat Up

President Trump is facing renewed controversy over his involvement in cryptocurrency after Rep. Maxine Waters accused him of pursuing a plan to replace the US dollar with a stablecoin tied to his own family. Waters, during a House Financial Services Committee hearing, pointed to World Liberty Financial’s recently launched USD1 token as evidence of Trump’s efforts to use his office for personal crypto ventures. She claims this move reflects a broader effort by Trump and his inner circle to influence financial policy on behalf of themselves.