Senator Warren Warns GENIUS Act May Fuel Crypto Corruption

Senator Elizabeth Warren has labeled the GENIUS Act as a potential vehicle for crypto corruption, raising concerns about its impact on financial stability and national security. She argues that the proposed legislation, which seeks to regulate stablecoins, could expose the U.S. to increased risks and financial turmoil. This critique reflects broader regulatory debates surrounding cryptocurrency regulation, with many experts suggesting tighter oversight is needed. Warren’s statement coincides with similar concerns from other Senators who are demanding stricter control over the crypto market.