Senator Elizabeth Warren has urged the Treasury Department to strengthen regulations surrounding stablecoins, citing potential risks and concerns regarding conflicts stemming from the Trump administration. In a letter addressed to Secretary Scott Bessent, Warren raised concerns about gaps in the recently enacted GENIUS Act, which aims to regulate these digital currencies. She underscored the need for robust enforcement and emphasized that loopholes could potentially expose consumers, taxpayers, and the broader economy to substantial risks. Warren’s call for stronger oversight aligns with ongoing efforts by policymakers to address the regulatory landscape of cryptocurrency, with discussions currently taking place between federal and state agencies on potential legislative frameworks. Notably, Senator Warren’s position reflects a growing consensus among regulators that coordinated action is essential to mitigate potential destabilizing effects within the crypto market.