U.S. senators are pressing Meta CEO Mark Zuckerberg for clarity regarding the company’s intentions to launch a stablecoin, amidst scrutiny over potential privacy risks and regulatory implications as the Senate prepares to vote on the GENIUS Act. Senator Elizabeth Warren and Richard Blumenthal wrote to Zuckerberg, questioning possible stablecoin ambitions, citing Meta’s past attempts with Libra and Diem. The senators emphasize concerns about data privacy and impact on users’ financial and personal information. This inquiry highlights potential issues if Meta ventures into stablecoins, reigniting scrutiny of the tech giant’s role in financial innovation. The letter comes as the Senate considers the GENIUS Act, which aims to regulate stablecoins. There is apprehension that Meta could exploit legislative loopholes for private currency development, prompting questions about transparency and accountability.