--- title: "Trump's crypto dealings are jeopardizing a bipartisan stablecoin bill" description: "President Trump's crypto ventures are jeopardizing bipartisan support for the GENIUS Act, a stablecoin bill. Congressional Democrats are frustrated with Trump's involvement in various crypto activitie" type: "news" locale: "en" url: "https://longbridge.com/en/news/239240093.md" published_at: "2025-05-08T02:31:50.000Z" --- # Trump's crypto dealings are jeopardizing a bipartisan stablecoin bill > President Trump's crypto ventures are jeopardizing bipartisan support for the GENIUS Act, a stablecoin bill. Congressional Democrats are frustrated with Trump's involvement in various crypto activities, including launching a meme coin and potential ties to Binance. After initial bipartisan backing, nine Senate Democrats have expressed concerns over the bill's provisions, citing issues like anti-money laundering and national security. The growing resistance is not against stablecoin legislation itself, but Trump's actions have diminished Democrats' willingness to support it, leading to the introduction of the End Crypto Corruption Act. President Donald Trump launched his own meme in January.Jonathan Raa/NurPhoto/Getty Images - Democrats are pushing back on a bill that has been seen as an easy win for the crypto industry. - The stablecoin bill has lost bipartisan support as Donald Trump pursues various crypto ventures. - Democrats are pushing anti-corruption measures focused on crypto. President Donald Trump's crypto ventures are getting in the way of his own agenda. The fate of a bipartisan stablecoin bill has fallen into doubt as congressional Democrats show frustration with the president's crypto moves. The so-called GENIUS Act, once considered a quick win for the industry, is now losing support on one side of the aisle. Pushback has grown as Trump and his family dabble in a range of crypto endeavors. These include the issuance of his own meme coin before his inauguration, involvement in a new stablecoin, a possible family stake in Binance, and a partnership between the Trump Media & Technology Group and crypto.com. Trump will also be present at a dinner for the top holders of his $Trump memecoin. The event has even drawn the scrutiny of some Republican backers, such as crypto-supporting Sen. Cynthia Lummis. All of that is creating obstacles for the proposed stablecoin legislation. After the bill successfully passed through the Senate Banking Committee in March with bipartisan support, nine Senate Democrats warned Saturday that they would not support the legislation in its current form. "The bill as it currently stands still has numerous issues that must be addressed, including adding stronger provisions on anti-money laundering, foreign issuers, national security, preserving the safety and soundness of our financial system, and accountability for those who don't meet the act's requirements," the statement read. Other Democrats were more direct about the problems they saw. "Since the committee vote, president Trump's aggressive efforts to profit from stablecoins and the obvious opportunities for bribery and other influence peddling have demonstrated why it is vital that we make meaningful, substantive reforms to the bill," Sen. Elizabeth Warren said in a Monday speech. The emerging resistance isn't against stablecoin legislation itself, as both parties acknowledged a desire for a crypto law of its kind. But with concern over crypto corruption growing, Trump's actions are impacting the appetite among Democrats to do anything that would lower the guardrails in the space. Democratic Sen. Jeff Merkley on Tuesday introduced the End Crypto Corruption Act, a bill that would bar the president and other high-ranking government officials from issuing, sponsoring, or endorsing digital assets. ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 沃爾瑪四季度財報超預期但盈利指引不及預期，CEO 稱 “美國低收入家庭只能勉強維持生計” | 沃爾瑪 Q4 營收超預期，新財年盈利指引（每股 2.75-2.85 美元）遠低於市場預期的 2.96 美元，顯示通脹壓力下消費者支出不確定性猶存，拖累股價下跌 1.38%。財報印證 K 型” 分化：高收入家庭驅動增長，低收入羣體 “錢包吃緊 | [Link](https://longbridge.com/en/news/276398633.md) | | 谷歌突然發佈 Gemini 3.1 Pro：核心推理性能直接翻倍 | 谷歌發佈了最新的大模型 Gemini 3.1 Pro，其推理性能較去年發佈的 Gemini 3 Pro 翻倍。在 ARC-AGI-2 評測中，Gemini 3.1 Pro 得分 77.1%，顯示出強大的推理能力。新模型支持多源數據綜合和複雜 | [Link](https://longbridge.com/en/news/276396515.md) | | GRAIL｜8-K：2025 財年 Q4 營收 43.6 百萬美元超過預期 | | [Link](https://longbridge.com/en/news/276379877.md) | | 學習英偉達刺激芯片銷售，AMD 為 “AI 雲” 借款做擔保 | AMD 為擴大市場份額祭出金融 “狠招”！為初創公司 Crusoe 的 3 億美元購芯貸款提供擔保，承諾在其無客户時 “兜底” 租用芯片。這一復刻英偉達 “租卡雲” 路徑的策略雖能短期推高銷量，但也令 AMD 在 AI 需求放緩時面臨更大的 | [Link](https://longbridge.com/en/news/276401504.md) | | 亞馬遜年度營收首超沃爾瑪，零售雙雄加碼 AI 競賽 | 亞馬遜取代沃爾瑪，成為年營收最高的公司。沃爾瑪週四公佈，其最近一個財年的年度營收為 7132 億美元，這略低於亞馬遜的 7169 億美元。兩家公司在人工智能領域採取了不同的策略：亞馬遜大幅加大了對人工智能的投資，而沃爾瑪則更依賴技術合作夥伴 | [Link](https://longbridge.com/en/news/276384959.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.