US lawmakers accuse Trump of wanting to replace the US dollar with a personal stablecoin."
Internet reports that on April 2, U.S. Congressman Waters accused former President Trump of using political influence to promote family businesses to issue stablecoins for profit, and warned that if Congress did not resolve its conflict of interest issues, it should veto the relevant bill. She said Trump may try to get the government to fully adopt its private stablecoin to replace the U.S. dollar payment system. Lawmakers from both parties are concerned that Trump's involvement in the crypto industry poses moral hazard and complicates legislation. The relevant stablecoin bill is pending a committee vote.
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