Several US senators have pressed Meta CEO Mark Zuckerberg for clarity regarding the company’s potential involvement in stablecoins. Senators Elizabeth Warren and Richard Blumenthal raised concerns about data privacy and regulations, citing past halting of projects like Libra and Diem due to regulatory hurdles. The senators’ inquiries come amidst a broader debate over stablecoin regulation as the GENIUS Act seeks to create a more structured framework for these digital assets. This potential legislation could significantly impact both tech companies like Meta and traditional financial institutions seeking to integrate stablecoins, leading to future market volatility.