Online reports, according to the Wall Street Journal, U.S. President Trump and his family's enthusiasm for cryptocurrencies has made the industry one of the biggest winners in his second term. Critics have raised ethical concerns given Trump's vast business interests. Trump family representatives have discussed investing in Binance.US. That would allow the U.S. president to do business with a company that has pleaded guilty to violating anti-money laundering laws. Binance executives also met with U.S. Treasury officials to discuss relaxing U.S. government supervision of the company. Binance founder and majority shareholder CZ recently said his lawyers had formally applied for a pardon. Last year, he was jailed for four months on related charges. The Trump family also owns a company called World Liberty Financial, which was formed in September last year. Trump's sons Donald Jr., Eric and Barron are all involved in the cause, and the Trump family controls about 60% of the company. Justin Sun invested $75 million in the project, further boosting this momentum. In February, the U.S. Securities and Exchange Commission asked the court to suspend a lawsuit accusing Justin Sun and his company of fraud. Trump's team is trying to push Congress to pass two crypto bills in the coming months: one would establish the first regulations for stablecoins, and the other would stipulate which crypto products are regulated as securities by the Securities and Exchange Commission and which crypto products are regulated as commodities by the Commodity Futures Trading Commission (CFTC). The Senate is expected to vote on its version of the stablecoin bill soon. Some Democrats oppose the bill citing Trump's potential conflicts of interest and stablecoin activity.