Senate Moves Forward on Crypto Legislation Amid Political Scrutiny
TL;DR Summary
Senator Elizabeth Warren criticizes the upcoming GENIUS Act, a bipartisan crypto bill that would allow banks and companies to issue stablecoins with minimal oversight, warning it could enable corruption, market manipulation, and economic instability, especially given the Trump family's recent crypto ventures and the industry's influence on legislation.
- Liz Warren Says Crypto Bill Creates a ‘Superhighway’ for Trump Corruption rollingstone.com
- U.S. Senate C-SPAN
- Thune and Crapo to huddle with Trump Politico
- Senate Democrats seek answers on Trump's World Liberty crypto deal ahead of GENIUS Act vote CBS News
- Stablecoin bill clears another hurdle in Senate, inching toward final vote The Hill
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