Trump Accused of Using Presidency to Boost Family's Crypto Business

Senator Elizabeth Warren has accused President Donald Trump of using his presidency to advance the interests of his family's cryptocurrency business, rather than working for the American people.

Warren pointed out a timeline of Trump's cryptocurrency policy decisions and their correlation with the rollout of products from his family-owned businesses. The timeline shows that in March 2025, Trump called on Congress to pass stablecoin legislation at the Blockworks Digital Asset Summit.

This was followed by the launch of USD1, a dollar-pegged stablecoin, by World Liberty Financial, which lists Trump's sons as co-founders. Days later, the GENIUS Act passed in the Senate, and Trump signed it into law a month later.

The White House denied any conflict of interest for the president or his family, saying that they act solely in the 'best interest' of the American people.