Warren & Merkley Launch Campaign Against GENIUS Act, Raising Concerns About Crypto Regulation

Senators Elizabeth Warren and Jeff Merkley are spearheading a nationwide campaign against the GENIUS Act, raising alarm bells about cryptocurrency deregulation. The act, backed by some lawmakers, aims to reshape crypto regulations but has drawn criticism for potentially weakening financial transparency and market stability. 10,000+ signatures on a petition further emphasize the momentum behind their resistance. The campaign’s launch is expected to ignite broader legislative discussions regarding cryptocurrency regulation, with various stakeholders voicing contrasting views on potential market impacts.