{"id":837497,"date":"2025-03-29T08:11:59","date_gmt":"2025-03-29T13:11:59","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/29\/elizabeth-warren-trump-stablecoin-is-grift-to-enrich-himself\/"},"modified":"2025-03-29T08:11:59","modified_gmt":"2025-03-29T13:11:59","slug":"elizabeth-warren-trump-stablecoin-is-grift-to-enrich-himself","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/29\/elizabeth-warren-trump-stablecoin-is-grift-to-enrich-himself\/","title":{"rendered":"Elizabeth Warren: Trump Stablecoin is \u201cGrift\u201d to \u201cEnrich Himself\u201d"},"content":{"rendered":"<div id=\"page\">\n<div id=\"content_box\">\n<header>\n<div>\n<p><img loading=\"lazy\" alt src=\"https:\/\/secure.gravatar.com\/avatar\/41169a86822e6585e2f87627f7d7ef3a?s=32&#038;d=mm&#038;r=g\"  height=\"32\" width=\"32\" decoding=\"async\"><\/p>\n<p><span><span>By <a href=\"https:\/\/fullycrypto.com\/author\/mahu_bs\" title=\"Posts by Mark Hunter\" rel=\"author\">Mark Hunter<\/a><\/span><\/span><\/p>\n<p><span><\/p>\n<p>1 day ago<span>Fri Mar 28 2025 09:27:16<\/span><\/p>\n<p><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/header>\n<p><img width=\"1300\" height=\"890\" src=\"https:\/\/fullycrypto.com\/wp-content\/uploads\/2025\/03\/Elizabeth-Warren-Trump-Stablecoin-is-Grift-to-Enrich-Himself.png\" alt=\"Elizabeth-Warren---Trump-Stablecoin-is-'Grift'-to-'Enrich-Himself'\" title decoding=\"async\" fetchpriority=\"high\" data-layzr=\"https:\/\/fullycrypto.com\/wp-content\/uploads\/2025\/03\/Elizabeth-Warren-Trump-Stablecoin-is-Grift-to-Enrich-Himself.png\">\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<div>\n<p><span><span>Reading Time: <\/span> <span> 2<\/span> <span>minutes<\/span><\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span>Senator Elizabeth Warren has slammed World Liberty Financial\u2019s stablecoin plans as a \u201cgrift\u201d and a scheme to \u201cenrich\u201d Donald Trump<\/span><\/li>\n<li aria-level=\"1\"><span>The stablecoin, USD1, will launch this year and will be backed by U.S. dollar assets<\/span><\/li>\n<li aria-level=\"1\"><span>The clash underscores growing concern over conflicts of interest between political power and private crypto initiatives<\/span><\/li>\n<\/ul>\n<p><span>Even a stopped clock is right once a day. Notoriously anti-crypto Senator Elizabeth Warren has criticized President Donald Trump\u2019s involvement in launching a dollar-pegged <\/span><a href=\"https:\/\/fullycrypto.com\/crypto-guides\/tether-usdt\/what-is-a-stablecoin\"><span>stablecoin<\/span><\/a><span> through his venture, <\/span><a href=\"https:\/\/fullycrypto.com\/donald-trump-crypto-cash-grab-fails-as-just-4-of-wlf-tokens-sold\"><span>World Liberty Financial<\/span><\/a><span>. Senator Warren accused Trump of using the proposed stablecoin to personally profit from public office, although by now, this is like complaining that the sea is wet. In a scathing tweet, Warren described the project as \u201cblatantly illegal and dangerous beyond belief,\u201d calling it a \u201cgrift to enrich himself.\u201d World Liberty Financial revealed its stablecoin plans earlier this week with plans to launch this year.<\/span><\/p>\n<h2><span>A Stablecoin From the Stable Genius<\/span><\/h2>\n<p><span>World Liberty Financial, founded by President Trump, his sons, and real estate developer Steve Witkoff, announced plans to launch a stablecoin on Tuesday, targeting cross-border transactions by institutional and sovereign investors. The company says the stablecoin will be fully backed by a reserve of government securities and cash equivalents, and that it will be <\/span><a href=\"https:\/\/fullycrypto.com\/whats-the-difference-between-an-audit-and-an-attestation\"><span>regularly audited<\/span><\/a><span> by a third party.\u00a0<\/span><\/p>\n<p><span>The venture pitches USD1 as a \u201csafe and reliable digital dollar,\u201d but so far has not disclosed specific details on the auditing firm or a launch timeline, the former of which is crucial in cementing the backing behind the coin.<\/span><\/p>\n<h2><span>USD1 s \u201cBlatantly Illegal,\u201d Says Warren<\/span><\/h2>\n<p><span>Senator Warren didn\u2019t mince words in her public response, taking to X to lambast the president\u2019s role:<\/span><\/p>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\">This is Donald Trump\u2019s latest grift to enrich himself.<\/p>\n<p>Congress should step up and fix the current stablecoin bill moving through the Senate that will make it easier for Trump \u2013 and Elon Musk \u2013 to take control of your money.<a href=\"https:\/\/t.co\/IPaTFRmnWK\">https:\/\/t.co\/IPaTFRmnWK<\/a><\/p>\n<p>\u2014 Elizabeth Warren (@SenWarren) <a href=\"https:\/\/twitter.com\/SenWarren\/status\/1904640452235604435?ref_src=twsrc%5Etfw\">March 25, 2025<\/a><\/p>\n<\/blockquote>\n<p><span>Warren, a long-time critic of crypto, has argued that digital assets enable money laundering, fraud, and regulatory evasion, but her latest comments suggest deeper alarm about a sitting president creating and potentially profiting from a dollar-pegged cryptocurrency while also overseeing federal agencies tasked with crypto regulation.<\/span><\/p>\n<p><span>The announcement has reignited calls for tighter crypto regulation and raised ethical questions about Trump\u2019s dual role as both a political leader and business owner. Critics argue that allowing a president to launch a stablecoin risks undermining trust in U.S. monetary institutions and creates an obvious conflict of interest.\u00a0<\/span><\/p>\n<p><span>Warren and other lawmakers may now push for urgent scrutiny of the venture\u2014potentially adding momentum to stalled legislation aimed at regulating stablecoins and separating political power from personal financial gain.<\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/fullycrypto.com\/elizabeth-warren-trump-stablecoin-is-grift-to-enrich-himself?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=elizabeth-warren-trump-stablecoin-is-grift-to-enrich-himself\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Mark Hunter<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Mark Hunter 1 day agoFri Mar 28 2025 09:27:16 Reading Time: 2 minutes Senator Elizabeth Warren has slammed World Liberty Financial\u2019s stablecoin plans as a \u201cgrift\u201d and a scheme to \u201cenrich\u201d Donald Trump The stablecoin, USD1, will launch this year and will be backed by U.S. dollar assets The clash underscores growing concern over<\/p>\n","protected":false},"author":1,"featured_media":837498,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[338,339],"tags":[],"class_list":{"0":"post-837497","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-elizabeth","8":"category-warren"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/837497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=837497"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/837497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/837498"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=837497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=837497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=837497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}