- United States
- Calif.
- Letter
Some of your colleagues are currently working with Republicans on a rypto called “stablecoins.” bill called the GENIUS Act that claims to “regulate” a strand of c In reality, it would enable illicit uses of crypto currency, open the door to blatant frauds, and imperil financial stability. Trump and his family are currently using their own crypto currency to corruptly funnel money to themselves, and this bill would do nothing to stop that.
The Trump family launched multiple cryptocurrencies that they’re a llions. e of Trump’s cryptocurrencies for a $2 billion deal—making Trump mi lready using to accept bribes. The United Arab Emirates is using on with the President. Trump is using his other cryptocurrency to run a pay-to-play scheme, where the top investors get to attend a fancy gala at the White House and face time
As your fellow Senator Chris Murphy put it, Trump is effectively nd foreign government to funnel money directly into his bank accoun posting his “Venmo or CashApp online for every corporate interest a t.”
And yet, some of your fellow Democrats want to pass a crypto-frien corruption. dly bill that does nothing to rein this in, enabling Trump’s crypto
YOU can stop them. Stop Trump’s crypto corruption and oppose the G ENIUS Act.
