Concerns Over Regulatory Conflicts with Trump's Crypto Entity

altcoin chronicle

28 Mar 2025 — 1 min read

Senator Elizabeth Warren and four other Democrats have expressed apprehension regarding potential conflicts of interest that U.S. financial regulators might face in overseeing a cryptocurrency initiative led by President Trump and his family.

In a letter to the Federal Reserve and the Office of the Comptroller of the Currency, the senators questioned the regulatory approach for World Liberty Financial, Trump's crypto project, and its stablecoin, USD1. They highlighted risks arising from federal agencies needing White House approval for regulatory actions, as mandated by an executive order signed by Trump earlier this year.

The letter underscores the unusual and potentially dangerous conflict of interest this situation presents.

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