by Met Middleson

June 18, 2025

Trump is back on Truth Social, not just pushing policy but pitching product. He called the GENIUS Act an “incredible bill” that would make America the “undisputed leader in digital assets.” He told the House to pass it clean, with “NO DELAYS, NO ADD ONS.” What he didn’t mention is that the bill could also make his family a fortune.

Critics are calling it a conflict in plain sight. Senators Elizabeth Warren and Jeff Merkley have raised alarms that the bill opens the door for industry insiders to profit off regulation they helped write. While it bars members of Congress from investing in stablecoins they oversee, the bill says nothing about the president or his family. The exemption may be legal, but it leaves the door wide open for presidential self-dealing.

The GENIUS Act creates the first full federal framework for stablecoins, requiring issuers to back their digital dollars with cash or Treasury assets and to meet new audit and disclosure rules. It bans unlicensed coins, sets redemption guarantees, and gives regulators the power to approve or shut down stablecoin firms.

And the Trump family owns sixty percent of one of those firms. World Liberty Financial, the company behind USD1, is already in compliance with the new standards. It is backed by dollars and Treasuries, positioned to benefit as the law forces out less regulated competitors. Trump backs the law. His family holds the asset. The gains are personal.