Opposition by some Democrats to a new stablecoin being launched by the Trump family’s crypto business could hold up legislation aimed at regulating the digital assets industry.
World Liberty Financial, a cryptocurrency venture that President Donald Trump helped launch last year, announced Tuesday that it plans to launch USD1, a stablecoin pegged at a 1-to-1 ratio to the U.S. dollar.
Republican lawmakers in the House and Senate have introduced stablecoin bills. Democrat support, though, will be needed to pass the legislation.
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