Why are the Democrats greenlighting Trump's crypto plans? | Corey Frayer

Contributing sentiments towards policy:

61% : Dangerous bills could pave the way for Trump's own cryptocurrency to be used in government payments When Elon Musk's "department of government efficiency" (Doge) gained access to treasury payment systems in February, Democratic party leadership pledged to protect government payments from Donald Trump's influence.
55% : That's $5.45tn in government payments from social security to veterans' pay and pensions, federal employee salaries and income tax refunds.
50% : On 25 March, Trump issued an executive order mandating adoption of digital payments to and from the US government.
39% : Crypto's ascendant political influence may explain Democrats' confusing pledge to stop Trump profiting from the presidency with one hand while pushing stablecoin legislation with the other.
35% : It's naive to think Trump would shy away from using his power to shovel profits to the politically influential crypto industry, and his own crypto venture in particular.
26% : Chuck Schumer and Hakeem Jeffries held a press conference announcing the Stop the Steal act that would prevent the takeover of critical government payment infrastructure.
22% : Under Trump, SEC lawsuits against his crypto business partners Justin Sun and Binance have been halted.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.