Warren Objects to Trump’s Stablecoin Deal Ahead of Crypto Legislation Vote

Senator Elizabeth Warren has raised concerns about a $2 billion transaction involving former President Donald Trump’s stablecoin and a potentially dubious source in the United Arab Emirates. As the Senate prepares to vote on the GENIUS Act, a cryptocurrency bill that Warren believes could enable fraud, she urges senators to address these issues before supporting the legislation. If these matters aren’t resolved, Senator Warren cautions that no senator should support the legislation.