Internet reports that Senators Elizabeth Warren and Jeff Merkley said in a letter to the U.S. Office of Government Ethics on May 5 that Trump and his family will earn personal profits from investments involving companies backed by the United Arab Emirates government, MGX, the cryptocurrency exchange Binance and World Liberty Finance (WLFI). The U.S. Senate's efforts to pass cryptocurrency legislation are facing increasing resistance. Senators said the deal opens a potential back door for foreign influence and enrichment, with Trump allies allegedly receiving hundreds of millions of dollars: "The deal raises the troubling prospect that the Trump and Vitkov family may expand the use of their stablecoins as a way to profit from foreign corruption."