Trump Family Crypto Venture Sparks Controversy: $2B Binance Investment Raises Eyebrows

A stablecoin launched by Donald Trump's World Liberty Financial is being used for a $2 billion investment in Binance by an Abu Dhabi firm. This latest Trump family crypto venture, following a January 'meme coin' launch, has drawn criticism for potential conflicts of interest. The stablecoin, USD1, is issued on Binance's blockchain and has been integrated with Tron. While USD1's value has rapidly grown, the identity of its major holders remains unclear, raising concerns. Senator Elizabeth Warren strongly criticized the deal, calling it corruption. The White House and World Liberty Financial have not yet commented.