The launch of USD1, a U.S. dollar-pegged stablecoin by World Liberty Financial (WLFI), a cryptocurrency platform linked to President Donald Trump's family, is raising concerns in Congress.

The stablecoin, introduced in March, comes as lawmakers work on stablecoin legislation, and some worry it could complicate bipartisan efforts to pass regulatory frameworks.

The launch of USD1, a U.S. dollar-pegged stablecoin by World Liberty Financial (WLFI), a cryptocurrency platform linked to President Donald Trump’s family, is drawing concerns in Congress.

The launch of USD1, a U.S. dollar-pegged stablecoin by World Liberty Financial (WLFI), a cryptocurrency platform linked to President Donald Trump’s family, is drawing concerns in Congress.

The stablecoin, launched in March, comes as lawmakers work on stablecoin legislation, and some lawmakers fear it could complicate bipartisan efforts to pass legislation.

The stablecoin, launched in March, comes as lawmakers work on stablecoin legislation, and some lawmakers fear it could complicate bipartisan efforts to pass legislation.

While some view the launch of USD1 as a positive step for crypto adoption in the U.S., others worry about potential conflicts of interest due to Trump’s family’s involvement in the stablecoin.

Several Democrats, including Senator Elizabeth Warren (D-MA), have criticized the project.

Several Democrats, including Senator Elizabeth Warren (D-MA), have criticized the project.

Earlier this year, Warren referred to USD1 as a “grift.” She also suggested that any legislation benefiting stablecoin issuers could financially benefit Trump’s family, which she claimed would be a conflict of interest.

Earlier this year, Warren referred to USD1 as a “grift.” She also suggested that any legislation benefiting stablecoin issuers could financially benefit Trump’s family, which she claimed would be a conflict of interest.

"If they're going to be pushing legislation that benefits stablecoin issuers, then that's going to create a conflict of interest with the president's family's involvement in USD1," said a Democratic aide. "And it's going to be clear to everyone that any delay in passing such bills would align with President Trump's interests."

However, Trump’s increasing involvement in the crypto sector, including meme coins, NFTs, and Bitcoin mining, is creating additional challenges for lawmakers.

"It's no secret that President Trump has been a vocal supporter of cryptocurrency throughout his presidency," said Rep. French Hill (R-AR), a member of the House Financial Services Committee. "But his recent activities, especially related to stablecoins, are making it harder to pass meaningful legislation."

As a result, critics fear that the growing political entanglement could delay efforts to pass the bills.

"Both the GENIUS Act and the STABLE Act have bipartisan support and are moving toward final approval," said an aide to a House Republican.

The STABLE Act, which stands for "Stablecoin Transparency and Enforcement Laborious Explicable") Act, is expected to be voted on by the House Financial Services Committee 'very soon,' according to multiple sources.

The bipartisan GENIUS Act, which stands for "Grading and Evaluating New Interoperable Systems," is being advanced by Senators Bill Hagerty (R-TN) and Mark Warner (D-VA).

Both bills aim to offer clarity for the stablecoin market but differ on how foreign issuers like Tether should be regulated.

Rep. Bryan Steil (R-WI), chair of the House panel on digital assets, indicated that while the bills are 80% similar, they still need to be reconciled before moving forward.

Despite concerns, stablecoin bills are moving toward final approval. However, Trump’s involvement is complicating the process, and some believe that the stablecoin debate may be delayed or influenced by political considerations.

Despite concerns, stablecoin bills are moving toward final approval. However, Trump’s involvement is complicating the process, and some believe that the stablecoin debate may be delayed or influenced by political considerations.

This ongoing issue highlights the tension between crypto innovation and regulatory oversight in the United States.

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