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Cryptocurrency News Video
Trump Family ROCKED After Suspicious Foreign Investment Revelations Blow Up
May 07, 2025 at 10:00 pm The Damage Report
Donald Trump and his immediate family members get rocked by sweeping new proposal being introduced by Sens. Jeff Merkley and Elizabeth Warren that would ban presidents, lawmakers and their families over crypto asset activities, after a New York Times report reveals suspicious Trump family profit ties to an upcoming foreign deal through an Abu Dhabi investment fund. John Iadarola and Sharon Reed break it down on The Damage Report. Leave a comment with your thoughts below! Read more here: Exclusive: Democrats target Trump family's crypto empire - https://www.axios.com/2025/05/06/trump-coin-democrats-crypto-stablecoin "Senate Democrats are unveiling a sweeping new proposal to ban presidents, lawmakers and their families from issuing, endorsing or sponsoring crypto assets, Axios has learned. Why it matters: Concerns over the Trump family's crypto ventures is threatening the passage of the bipartisan GENIUS Act, the Senate's first-ever stablecoin regulation. Sens. Jeff Merkley (D-Ore.) and Elizabeth Warren (D-Mass.) said in a private meeting last week, first reported by Axios, that the GENIUS Act lacks basic guardrails against corruption. Driving the news: Merkley will introduce the End Crypto Corruption Act on Tuesday, which would ban the president, vice president, members of Congress and their immediate families from issuing digital assets, such as meme coins and stablecoins." ** Be part of the Dragon Squad as a YouTube channel member: http://go.tyt.com/join-tdr Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on TikTok: https://www.tiktok.com/@thedamagereport?lang=en Follow The Damage Report on Instagram: http://www.instagram.com/thedamagereport/ Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport #TheDamageReport #JohnIadarola #TheYoungTurks 250507__DR03ReportDems
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