Trump’s crypto ties ‘add a certain level of challenge’ to passing bills — Coinbase exec

Coinbase Chief Law Director Paul Grewal dealt with some concerns that US legislators and leaders of industry around the crypto of President Donald Trump companies and how they can influence related legislation.

At the Consensus conference in Toronto on May 15, Grewal said that there had been “hiccups” in the congress in the Congress of the Senate voted for progress In March in March the leadership and creating national innovations for American stablecoins or brilliant law. Although Grewal said that there were disputes over “the essential problems to be solved” in the bill, he indicated that Trump’s involvement in this industry was a “complicating factor”.

‘Discussion on the support of the President for a particular memecoin or two and other efforts adds a certain level of challenge to effort to make the Democrats and Republicans match the right way to regulate [spot market]But I am sure that the Senate and the house will solve it all, ”Grewal said.

The Democrats, including Senator Elizabeth Warren, explicitly triggered the crypto of the Trump family, World Liberty Financial and its USD1 Stablecoin in the opposite of the genius. However, some of the supporters of the law, such as Senator Kirsten Gillibrand, proposed an earlier version of the legislation, said he would remove his tongue Specifically, it focuses on the President’s crypto companies.

Related: Democrats are looking for suspicious reports of Trump Crypto Ventures activity

Whether the conditions for amendment to the bill are, many legislators still expect the Senate to accept another vote within a few days. Punchbowl reported 15 May that the Democrats “won the main victory” after receiving the assurance that some of their concerns about consumer protection, money laundering and national security would be addressed.

https://www.youtube.com/watch?v=Sumyysrjvzm

The first Stablecoins, then an account for the market structure?

The House of Representatives is also considering a draft legislation on the draft Act on the structure of the Digital Property Market, a different iteration of the FIT21 Act, which passed through the chamber in May 2024. Democratic representatives have similar pushed back on legislationquoted “Trump’s corruption crypto.”

“I think we will learn a lot from the progress we see in the next few days on the stablecoins for appetite to actually solve all these problems in any schedule that resembles the recent White House and some Congress leaders,” Grewal said.

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