First in the Vault. A group of Senate Democrats led by Sen. Jeff Merkley (D-Ore.) Thursday urged Secretary of State Marco Rubio to reconsider a dollar-backed stablecoin project as part of the Trump administration’s efforts to rebuild the war-torn Gaza Strip.
Little is publicly known about the project, first reported by the Financial Times in February. But Sens. Elizabeth Warren (D-Mass.), Chris Van Hollen (D-Md.), Bernie Sanders (I-Vt.) and Merkley told Rubio they have serious policy and ethical concerns about the proposal.
