The Trump family is set to launch a new stablecoin backed by U.S. government debt, marking a significant foray into the cryptocurrency market. This initiative follows previous announcements of various blockchain-related projects, including NFTs, ordinals, memes, a lending platform, crypto ETFs, and stablecoins. Critics, including Senator Elizabeth Warren, have voiced concerns regarding the implications of this venture, labeling it a potential 'grift' that could exploit taxpayer credit and pose national security risks. The stablecoin's introduction coincides with ongoing legislative discussions around stablecoin regulation, particularly the GENIUS Act, which aims to establish clearer rules for the cryptocurrency sector. Despite warnings from Warren, the bill is advancing in Congress, supported by figures such as Senator Tim Scott.