Senators Question Trump’s WLFI Stablecoin Over Conflicts of Interest

Quick Summary:

The crypto firm, backed by President Trump’s family, has raised concerns within the Senate Banking Committee.

Since its September 2024 launch, WLFI has raised $550 million through two public token sales.

At the same time, Congress is pushing for new laws to regulate stablecoins—digital currencies meant to work like the dollar for holding value or buying other crypto assets.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: Crypto Regulations News Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-29 @ 03:56:13 (4 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 27394646

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Main Topics: Crypto

Official Website: coinpedia.org

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Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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