Internet reports that U.S. Senate Minority Leaders Chuck Schumer, Elizabeth Warren and Jeff Merkley will propose amendments to the U.S. stablecoins National Innovation Guidance and Establishment Act (GENIUS Act) to prevent the U.S. president from profiting from stablecoins. Merkley said: "If we don't join the anti-corruption amendment, it will be equivalent to Congress stamping Trump's sales of influence to the highest bidder." Trump and his three sons set foot in the World Liberty Financial (WLFI) platform, which launched the USD1 stablecoin in March. Critics point out that the president may benefit from legislation recognizing USD1 as a financial instrument.