Meta's Stablecoin Plan Questioned by Democrats Ahead of Key Senate Vote

Meta's Stablecoin Plan Questioned by Democrats Ahead of Key Senate Vote

Sens. Elizabeth Warren and Richard Blumenthal sent a letter to Meta asking whether it's lobbied for the GENIUS Act or has any plans to join an issuer in any way.

US senators question Meta’s stablecoin plans amid GENIUS Act debate

Lawmakers asked Mark Zuckerberg whether Meta had had any influence on the GENIUS stablecoin bill and its plans to potentially issue its own digital currency. ...

A ‘Threat To Privacy’? US Senators Question Meta’s Stablecoin Plan In New Letter

As crypto legislation advances through the US Congress, two senators have sent a letter to Meta founder Mark Zuckerberg inquiring about the company’s stablecoin strategy following recent reports alleging that the tech giant is planning to launch a private currency. Related Reading: Connecticut Lawmakers Pass Bill Banning State Investments In Crypto Democrats Question Meta’s Stablecoin […]

Senators Slam Meta’s Stablecoin Push, Cite Privacy Risks and Regulatory Loopholes

Democratic Senators Elizabeth Warren and Richard Blumenthal issued a letter to Meta CEO Mark Zuckerberg, raising concerns over reports that the tech giant is once again exploring the launch of its own stablecoin. In the letter, the senators warn that Meta’s renewed interest in digital currency, reminiscent of its failed Libra and Diem initiatives, could pose serious risks to financial privacy, economic competition, and national monetary sovereig…

Senators Slam Meta's Stablecoin Push, Cite Privacy Risks and Regulatory Loopholes – MAXBIT

Democratic Senators Elizabeth Warren and Richard Blumenthal issued a letter to Meta CEO Mark Zuckerberg, raising concerns over reports that the tech giant is once again exploring the launch of its own stablecoin. In the letter, the senators warn that Meta’s renewed interest in digital currency, reminiscent of its failed Libra and Diem initiatives, could...

Senators Slam Meta's Stablecoin Push, Cite Privacy Risks and Regulatory Loopholes

Democratic Senators Elizabeth Warren and Richard Blumenthal issued a letter to Meta CEO Mark Zuckerberg, raising concerns over reports that the tech giant is once again exploring the launch of its own stablecoin. In the letter, the senators warn that Meta’s renewed interest in digital currency, reminiscent of its failed Libra and Diem initiatives, could pose serious risks to financial privacy, economic competition, and national monetary sovereig…