U.S stable coin GENIUS bill, according to the May 15th 2025 proposal, fails to prohibit President Donald Trump from personally benefiting from crypto ventures that his administration would regulate, leaving conflict-of-interest concerns unresolved

Quotes that support claims

In the bill’s new language, which Democrats touted as containing improved ethics considerations, the president and the vice president are still exempt from a rule barring all senior executive branch officials from issuing their own stablecoins.

"Yes, they cover a special government employee like Elon Musk, but right now the concern is President Trump's own involvement in the stablecoin business, and the fact that the bill fails to address that seems like a real problem," Hays said.

The latest changes to the bill represent a mixed bag. The loudest requests from critics, that the president be explicitly stopped from personally benefiting from the crypto industry that his administration will regulate, were not directly addressed in this version of the bill.