Warren warns against stablecoin bill ahead of floor vote
- Senator Elizabeth Warren opposed the GENIUS Act, a stablecoin regulation bill advancing in the Senate on May 19, 2025.
- Warren criticized the bill for enabling President Donald Trump to regulate his own USD1 stablecoin, raising corruption concerns.
- The GENIUS Act would create the first official US framework for stablecoins, integrating them into the traditional financial system with bipartisan support.
- Warren warned the bill could trigger a financial meltdown like the 2008 crisis or 2022 crypto crash, saying it would “accelerate Trump’s corruption.”
- Opponents including investor Kevin O'Leary argue the act modernizes payments and that politicizing it may hinder US financial innovation and global leadership.
10 Articles
10 Articles
Warren warns against stablecoin bill ahead of floor vote
Sen. Elizabeth Warren (D-Mass.) is urging her colleagues to vote down updated stablecoin legislation, arguing it fails to sufficiently address concerns related to President Trump’s crypto ties and leaves financial markets and consumers vulnerable.
Elizabeth Warren blasts stablecoin bill ahead of key vote, warning it'll help Trump 'line his pockets'
Elizabeth Warren isn't a fan of a stablecoin bill being considered by the Senate.The Washington Post via Getty ImagesSen. Elizabeth Warren of Massachusetts is railing against a major stablecoin bill in Congress.Warren argued that the legislation, if passed, will "accelerate Trump's corruption."The progressive lawmaker has been a frequent critic of the administration on regulatory matters.Sen. Elizabeth Warren of Massachusetts on the Senate floor…
Elizabeth Warren shares her fears about the bipartisan crypto bill – MSNBC News - Corruption By Cops
Elizabeth Warren shares her fears about the bipartisan crypto bill MSNBC News Source link The post Elizabeth Warren shares her fears about the bipartisan crypto bill – MSNBC News first appeared on Corruption By Cops.
Elizabeth Warren Takes On The Crypto-Cartel—While 16 Of Her Colleagues Hide Under Their Beds Shaking
Congress should not choose to enable Trump’s egregious corruption. Congress should not fuel the next financial crash. Congress should not put consumers at risk for fraud or make it easier to fund terrorist activity. A bill that meaningfully strengthens oversight of the stablecoin market is worth enacting. A bill that turbocharges the stablecoin market, while facilitating Trump’s corruption & undermining national security, financial stability & c…
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