Ethics and Conflict of Interest Concerns:
The latest draft addresses Democratic concerns about conflicts of interest, particularly regarding President Trump’s ties to the USD1 stablecoin issued by World Liberty Financial. However, it does not prohibit elected officials or their families from issuing stablecoins, a point of contention raised by Senator Warren.
Critics argue that the bill lacks sufficient safeguards to prevent potential corruption, especially given transactions like the $2 billion deal involving USD1 and an Abu Dhabi firm.