In a context where crypto interferes in the mysteries of power, an accusation shakes Washington. The representative Maxine Waters, a key figure of the financial services committee, accuses Donald Trump of manipulating the legislative chessboard to impose his own cryptos interests. Behind the appearances of a technical debate on the stablecoins would hide a much more troubled battle: that of a president seeking to substitute the dollar with a digital currency with his effigy.
A high -tension political strategy
Since January, the former president has multiplied crypto initiatives with a disconcerting media flair. He launched a same to be the image of his campaign and states that he is the best. It also supports the USD1, a stablecoin indexed to the dollar. He is issued by World Liberty Financial (WLFI), a company linked to his family. Trump thus seems to weave a financial canvas with oligarchic accents.
For Maxine Waters, these projects are not simple speculations: they reveal an attempt to “capture” the American economy via digital assets controlled by its clan.
On April 2, during a key hearing, Waters denounced with virulence what she describes as an institutionalized conflict of interests.
According to her, Trump would use its residual influence to model tailor -made legislation, allowing its stablecoins to become the cogs of a parallel system. Imagine: taxes, social benefits, federal real estate transactions … everything would go through “Trump” cryptos.
A nightmarish vision for its detractors, but a credible scenario in view of the recent legislative maneuvers.
And the Republicans in all of this? If French HillChairman of the Committee, cautiously evokes “complications” linked to the family ties of Trump, no concrete amendment aims to supervise these risks.
Worse: some GOP elected officials seem ready to validate texts indirectly promoting the cryptos ambitions of the ex-president. An accomplice silence that fuels suspicion of collusion between political power and private interests.
Legislate under influence: when the crypto divides the congress
The stable law, presented by Bryan Steil, was to embody a rampart against the drifts of stablecoins. However, it now crystallizes tensions.
Waters requires that the text incorporates explicit ethical safeguards-prohibiting an in office (or former) from having a Stablecoins company, for example.
Without that, she threatens to block any advance, calling for her peers not to become “facilitators” of a diversion of monetary sovereignty.
But the stake exceeds Trump. Behind this showdown is a vital question: who will control the American financial future? Democrats insist on the need for a strict federal framework, limiting the anarchic boom in private cryptos.
Republicans defend a more liberal approach, arguing that innovation should not be suffocated by distrust. A perilous balance, while the White House also studies a public digital currency (CBDC)-a project that Hill seeks to bury.
Result: the congress navigates in troubled waters. The audience of April 2 did not lead to any consensus, referring the bills to the Lumbres.
Meanwhile, Trump continues to promote his cryptocurrency national reserve, playing on two tables: that of the tech entrepreneur and the nostalgic politician. A mixture of genres which, for Waters, symbolizes the ultimate threat: the creeping privatization of monetary policy.
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