PANews reported on May 23 that according to Cointelegraph, U.S. Senate Minority Leaders Schumer, Warren and Merkley plan to propose amendments to the GENIUS Act to prohibit the president from profiting from stablecoins. The move is intended to address the risk that the Trump family may gain economic benefits from the USD1 stablecoin issued by the World Liberty Financial platform in which it is involved. Previously, 18 Democratic lawmakers voted in favor of advancing the bill. Democrats criticized the move as "official recognition of the president's sale of influence to the highest bidder."