"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.
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Negotiations are '90% there' as lawmakers continue talks on Senate stablecoin bill
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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
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