Senator Warren sounds the alarm on encryption regulation! Warns that Trump's interest chain will threaten the US economy, TRUMP Token becoming a hotbed of corruption?

On August 11, U.S. Senator Elizabeth Warren ( Elizabeth Warren ) issued a stern warning during an MSNBC interview, stating that the current weak cryptocurrency regulatory framework breeds corruption risks, particularly naming President Trump's business interests that could "ignite" the U.S. economy. She denounced the industry-led GENIUS Act and CLARITY Act as undermining regulatory effectiveness, proposing five legislative principles targeting officials' holding bans and AML compliance. Warren, along with several lawmakers, demanded that banking regulators thoroughly investigate the "corruption blueprint" behind the Trump family's associated stablecoin USD1 and the $2 billion agreements with mainstream CEX, questioning SEC Chairman Atkins ( Paul Atkins )'s secret ties to FTX.

Regulatory Loophole Alert: Warren Targets Trump's Crypto Asset Profit Chain

• Economic Security Warning: Senator Warren warns that the current cryptocurrency regulatory framework is "weak and manipulated by industry lobbying," lacking mechanisms to prevent corruption and protect consumers, which could destroy the financial infrastructure of the United States.
• Trump Risk Centralization: She pointed out that existing regulations amplify "Trump's corruption potential", and his family's encryption business landscape fundamentally conflicts with national economic security.
• Power Struggle for Legislation: Warren emphasizes that digital asset regulation must be led by Congress rather than dictated by the industry, opposing proposals like the "GENIUS Act" that "compromise with crypto giants," arguing that they weaken regulation and provide no substantial protection.

Five Major Regulatory Iron Rules: Officials Holding Coins Ban and AML Compliance Centralization Warren proposed core principles for Crypto Assets regulation in July:

1. Non-Crypto Assets Securities Law Applicability: Expand Regulatory Coverage
2. Financial System Stability Guarantee: Prevent systemic risks
3. Mandatory Anti-Money Laundering ( AML ) Compliance: Cut off illegal funding channels.
4. Eliminate Sanction Evasion Loopholes: Maintain National Security
5. Official Encryption Investment Ban: Public officials are strictly prohibited from holding coins for profit.

$TRUMP token and USD1 stablecoin: Corruption allegations against the presidential family

• Conflict of Interest Investigation: On August 1, Senator Warren joined Senators Chris Van Hollen and Ron Wyden in sending a letter to banking regulators, demanding a thorough investigation into potential conflicts of interest related to Trump family Crypto Assets.
• Regulatory Responsibility Inquiry: Questioning how the OCC, as the main regulatory authority for stablecoins designated by the GENIUS Act, can prevent Trump’s private business from having an improper influence on the financial system.
• USD1 stablecoin storm:
  • Focus on the DeFi platform World Liberty Financial associated with the Trump family, which will issue the stablecoin USD1 in March 2024.
  • Expose the UAE company MGX and the $2 billion agreement with mainstream CEX using USD1 as an investment tool.
• Lawmakers criticized this as a "corruption standard operating procedure", particularly emphasizing that the mainstream CEX involved has admitted to violating U.S. anti-money laundering laws.

The SEC Chairman's FTX Stain: Regulatory Independence Under Scrutiny

• Personnel Appointment Sniping: Warren questioned the relationship between Paul Atkins, the SEC chairman nominated by Trump, and the bankrupt exchange FTX in March.
• Regulatory negligence allegations: Severe questioning of whether Atkins ignored or failed to recognize the warning signs of the platform's misappropriation of billions in customer funds during his tenure as an advisor to FTX.
• Crisis of Law Enforcement Impartiality: Warren questioned how they could fairly handle law enforcement actions against crypto giants like Ripple, Coinbase, and Kraken in the context of their association with FTX, as well as cases of market manipulation and insider trading involving high-ranking government officials (including the president's family).

Conclusion: The Political Game of Encryption Regulation and Institutional Firewalls The regulatory storm initiated by Senator Warren has transcended technical discussions and escalated into a power struggle at the core of American politics. She directly ties the loopholes in crypto regulation to the business interests of the Trump family, exposing the "corruption blueprint" hidden behind the USD1 stablecoin's $2 billion multinational agreement, targeting the SEC chairman's FTX-related blemishes and striking at the heart of regulatory independence. As presidential memos intertwine with industry lobbying bills, the officials' holding ban and AML ironclad rules advocated by Warren are essentially building the last firewall for the American financial system. This regulatory war, which concerns whether the "national economy will be detonated," will ultimately test whether the American system can withstand the dual corrosion of crypto capital and political power.