Sen. Elizabeth Warren plans to oppose the GENIUS Act, a stablecoin bill that she argues could facilitate corruption linked to President Trump. She claims that the legislation would enable Trump to regulate his own financial products, thereby increasing the stablecoin market and benefiting his personal financial ventures. Warren stresses that Congress must address these critical issues to prevent compromising its regulatory responsibilities and warns that inaction could lead to the next financial crisis.
The GENIUS Act will accelerate Trump's corruption by supercharging the size of the stablecoin market and the reach and profitability of USD1.
If Congress does not fix this issue here, today, then it will be aiding and abetting Trump's corruption every time his stablecoin is used to finance a corrupt deal.
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