- United States
- Ga.
- Letter
The Trump family's exploitation of cryptocurrency for personal gain is a blatant abuse of power and influence peddling that must not be permitted. Their $2 billion deal with an Emirati venture fund reeks of corruption and underscores the need for stringent safeguards against fraud and money laundering in any cryptocurrency legislation. The GENIUS Act appears to lack adequate provisions to prevent such conflicts of interest and shady dealings. We cannot allow this bill to become a vehicle for the Trumps to profit at the expense of the public's trust. Regulatory loopholes enabling this brand of cronyism and self-enrichment are unacceptable. Strong anti-corruption measures must be incorporated before moving forward with any crypto framework. The integrity of our financial system is at stake.