Senators Seek Records on Trump-Linked Firm’s Stablecoin Venture

Senators Elizabeth Warren and Jeff Merkley are asking World Liberty Financial Inc., the Trump family’s crypto project, to preserve records of communications with the Trump administration and to provide copies of communications regarding its new stablecoin, USD1.

The Democratic senators are particularly focused on a deal in which an Abu Dhabi firm, MGX, announced it would use $2 billion in World Liberty stablecoin to invest in the cryptocurrency exchange Binance, before President Donald Trump’s trip to the Middle East. He plans to visit the United Arab Emirates on Thursday, following stops in Saudi Arabia and Qatar.

Senator Elizabeth Warren.

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