Trump Crypto -Deal provokes the setback of the Senate and calls for an investigation

The Democrats of the Senate call for changes to the cryptocurrency laws pending in the congress and sometimes react to growing evidence that the Trump family uses their connections and President Trump's authority to benefit from the crypto trade.

At the end of last week, the pushback increased after a meeting of the Senate Democrats, in which Senator Chuck Schumer, the democratic chairman, that they should not commit themselves to vote for the so-called genius law, a legislation supported by the crypto industry.

For months, the bill seemed to be sliding towards passage with the support of both parties, and this week it was planned for a procedural vote. In the meeting, however, the Senate Democrats commented on the fact that legislation would benefit the Trump family's crypto business directly, citing New York Times.

One of the concerns that the senators have addressed, according to the legislator, was the crypto company World Liberty Financial, associated with Trump, recently a contract to conclude deposits of $ 2 billion from an Emirati risk clerch supported by the government of Abu Dhabi, as reported last week.

“It is an influence, a conflict of interest, just a massive form of corruption that we have not seen,” said Senator Jeff Merkley, Democrat of Oregon, in an interview and said he said he did at the meeting. “And it has to be ended.”