U.S. lawmakers accuse Trump of wanting to replace the dollar with a personal stablecoin

ChainCatcher news, U.S. Representative Waters accused former President Trump on April 2 of using his political influence to promote his family business's issuance of stablecoins for profit, warning that Congress should reject related bills if it does not address the conflict of interest issue. She stated that Trump might be trying to push the government to adopt his private stablecoin in place of the dollar payment system. Lawmakers from both parties are concerned that Trump's involvement in the crypto industry poses ethical risks, complicating legislation. The related stablecoin bill is awaiting a committee vote.