Senators to Introduce Amendment to GENIUS Act to Prevent Trump Corruption
Washington, D.C. – Senator Jeff Merkley (D-OR), Senate Banking Committee Ranking Member Elizabeth Warren (D-MA), Senate Democratic Leader Chuck Schumer (D-NY), Senate Homeland Security and Governmental Affairs Committee Ranking Member Gary Peters (D-MI), Senate Armed Services Ranking Member Jack Reed (D-RI), and Senators Chris Murphy (D-CT) and Michael Bennet (D-CO) released the following statement on the introduction of their anti-corruption amendment to the GENIUS Act:
“Elected officials have a responsibility to serve the American people—not line their own pockets. To crack down on the blatant corruption of the President and his family, our amendment prohibits the President, Vice President, and senior government officials from directly or indirectly profiting from a stablecoin venture while in office. The GENIUS Act should not pass the Senate without this fix. Otherwise, we leave the door open to selling access to the United States government to the highest bidder."
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