Sen. Elizabeth Warren (D-MA) reacted to news that $2 billion worth of a stablecoin issued by the Trump family’s World Liberty Financial was used to fund an investment in Binance by Abu Dhabi’s MGX, calling it “corruption” that “no senator should support.” She called for changes to the GENIUS Act to prevent this kind of activity. Sen. Richard Blumenthal (D-CT) also tweeted about the report, calling it a “catastrophic abuse of power.” The transaction links a company controlled by President Trump’s famiy with a crypto exchange that pleaded guilty to AML and US sanctions violations less than two years ago, as well as an investment fund overseen by the brother of the president of the UAE.