Elizabeth Warren Calls Out Trump-Linked Stablecoin As A National Security Risk: 'He's Cashing In On Foreign Crypto Deals'

Elizabeth Warren Calls Out Trump-Linked Stablecoin As A National Security Risk: 'He's Cashing In On Foreign Crypto Deals'

Senior Democratic lawmaker Sen. Elizabeth Warren (D-Mass.) called President Donald Trump-backed stablecoin a potential threat to national security and a conduit for corruption on Tuesday. What Happened: Warren, a known cryptocurrency critic, took to X to express her concerns about the dollar-pegged cryptocurrency USD1, currently available on Ethereum (CRYPTO: ETH) and BNB Chain (CRYPTO: BNB). “Trump's stablecoin is shady and a national security …

GENIUS Act Blocked: A Tale of Politics Over Policy

Senator Warren rallied fellow Democrats to block the advancement of the US Senate’s stablecoin bill, the GENIUS Act. By stalling the bill, the Democrats have chosen partisan politics over the progress of stablecoins and digital asset innovation. Despite the bill’s failure, Senate Banking Chair Tim Scott has promised to keep fighting to make the US the world’s crypto capital. Last week, US Senate Democrats facilitated the failure of the GENIUS Ac…

Elizabeth Warren Warns of Crypto Coup Behind GENIUS Act Rollout

According to Senator Elizabeth Warren, the GENIUS Act poses serious risks to U.S. election security and financial regulation. The bill, backed by former President Donald Trump and several Republicans, faces mounting opposition. Progressive group Our Revolution is organizing a national virtual call to resist the proposed legislation. Warren and Merkley Challenge the GENIUS Act Senator Elizabeth Warren has strongly opposed the GENIUS Act, highligh…

GENIUS Act fails Senate vote amid controversy, security concerns

The GENIUS Act stablecoin bill only received 49 votes after some Democratic Senators withdrew their support. The post GENIUS Act fails Senate vote amid controversy, security concerns appeared first on CoinGeek.

Senators Warren, Merkley to headline national call opposing Trump’s GENIUS Act - Coin Surges

Progressive group Our Revolution is mobilizing lawmakers and grassroots members in a national organizing call to stop what it calls an alleged sweeping “crypto power grab” led by President Donald Trump and his congressional allies. According to the press release shared with CryptoSlate, Senators Elizabeth Warren and Jeff Merkley will headline the virtual event on May 12. The event aims to rally opposition to the GENIUS Act, which aims to establi…

The United States Senate, dominated by a stubborn Democratic option, has blocked the advance of the GENIUS Act by a vote of 48 in favor and 49 against—a visionary bill backed by President Donald Trump and his Treasury Secretary, Scott Bessent. This legislation, crafted to regulate stables and position the U.S. as the global leader in the digital economy, represented a historic opportunity to strengthen the dollar’s dominance and unlock the poten…