Odaily Planet Daily News: Five Democratic senators have sent letters to the Federal Reserve and OCC questioning the "unprecedented risks" posed by the USD1 stablecoin launched by the World Free Finance (WLFI) supported by the Trump family. The letter pointed out that Trump's executive order in February weakened regulatory independence and his 60% stake in WLFI constitutes a significant conflict of interest. Since its establishment in September 2024, WLFI has raised $550 million through two token sales and launched USD1 on the BNB chain and Ethereum on March 24th. This move coincides with the congressional review of the GENIUS Act, which may grant regulatory powers to the OCC and the Federal Reserve, raising concerns about the stability of the financial system. (Cointelegraph)