TMTPOST--The Trump family’s latest foray into cryptocurrency may jeopardize bipartisan efforts to pass a key stablecoin regulation bill, according to a Democratic aide familiar with the matter. Last Tuesday (March 25), World Liberty Financial, a decentralized finance venture backed by former U.S. President Donald Trump and his family, launched USD1, a new dollar-pegged stablecoin. The token will be backed by short-term U.S. Treasuries, dollar deposits, and cash equivalents, and will be issued on a blockchain developed by Ethereum (ETH) and Binance Smart Chain (BSC). The move has drawn sharp criticism from Rep. Maxine Waters (D-CA), the ranking Democrat on the House Financial Services Committee. Waters warned that she would oppose the Clarity for Payment Stablecoins Act—a Republican-led bill aiming to establish a regulatory framework for stablecoins—unless it includes provisions to block figures like Trump and Elon Musk from issuing such digital assets. The bill, recently introduced with bipartisan support in the Senate Banking Committee, is seen as a potential milestone in U.S. crypto regulation. At least three House Democrats have already expressed support, but Waters’ objections could fracture broader party backing. A long-time critic of Trump and his business dealings, Waters’ opposition threatens to stall the legislation’s progress. As the debate unfolds, the Trump-linked USD1 launch adds a new layer of political tension to the already contentious crypto regulatory landscape.