Five Democrats of the American Senate called for leadership in the organizational agencies to consider the conflict of potential interests from Stablecoin launched by World Liberty Financial (WLFI), an encrypted company supported by the family of US President Donald Trump.
March 28 letter From the US Senate Banking Committee, Senator Elizabeth Warren and four other Democrats from the Chairman of the Federal Reserve for Supervision and Organization, Michelle Bowman, and his proxy monitoring, Rodney Hood, asked how they intend to organize WLFI and Stablecoin, USD1.
March 28, a message from five Democratic Senate members to OCC, the leadership of the Federal Reserve. source: The US Senate Banking Committee
The message came when members of Congress think about legislation to organize Stablecoins by directing and creating the national innovation of American Stablecoins, or the law of genius. If the bill, if signed in the law, it will mainly allow the Currency Observer Office (OCC) and the Federal Reserve to oversee Stablecoin, including for exporters such as WLFI and USD1.
Trump also Fell An executive in February is trying to have all federal agencies – claiming that OCC – “regularly consults and coordinates policies and priorities” with White House officials, giving the US President unprecedented control.
“President Trump was involved in this project, as he appoints financial organizers for their independence and Congress at the same time [Fed and OCC]The message said: ”
“The launch of Stablecoin is directly linked to a seated president who financially benefits from the success of Stablecoin, which is unprecedented risks to our financial system.”
Related to: Trump’s stablecoin deepens from Trump’s concerns about conflicting interests
Since World Liberty was launched in September 2024 – months before the United States elections and Trump’s clarification – many of the company’s goals have been honored. The project site indicates that Trump and some of his family members control 60 % of the company’s property rights.
https://www.youtube.com/watch?
As of March 14, World Liberty has completed general symbolic sales, as the company has gripped $ 550 million. On March 24, the project confirmed the launch of the first stablecoin on the BNB and ETHEREUM series. The son of President Donald Trump Junior also blocked US $ 1 from the Blwchin summit on March 26 with three WLFi founders.
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