{"id":23848,"date":"2025-05-10T11:51:15","date_gmt":"2025-05-10T08:51:15","guid":{"rendered":"https:\/\/forklog.com\/en\/elizabeth-warren-opposes-stablecoins-from-major-corporations\/"},"modified":"2025-05-10T11:51:15","modified_gmt":"2025-05-10T08:51:15","slug":"elizabeth-warren-opposes-stablecoins-from-major-corporations","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/elizabeth-warren-opposes-stablecoins-from-major-corporations\/","title":{"rendered":"Elizabeth Warren Opposes Stablecoins from Major Corporations"},"content":{"rendered":"<p>The <a href=\"https:\/\/u1f987.com\/en\/news\/david-sacks-prioritizes-bitcoin-reserve-assessment\">GENIUS Act<\/a> requires revision to prevent corporations from &#8220;issuing their own money,&#8221; stated U.S. Senate Banking Committee member Elizabeth Warren in a comment to <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/05\/09\/as-meta-said-to-mull-tokens-senator-warren-calls-for-blocking-big-tech-stablecoins\">CoinDesk<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The Senate must amend GENIUS to prohibit large tech companies and other commercial giants from owning or being affiliated with stablecoin companies,&#8221; she noted.<\/em><\/p>\n<\/blockquote>\n<p>The bill <a href=\"https:\/\/u1f987.com\/en\/news\/stablecoin-bill-stumbles-in-key-us-senate-vote\">failed to pass<\/a> a key procedural vote in the Senate on May 8 due to concerns among several Democrats regarding anti-money laundering and national security requirements. <\/p>\n<p>The situation was exacerbated by a potential <a href=\"https:\/\/u1f987.com\/en\/news\/activists-accuse-donald-trump-of-legal-violations-over-trump-coin\">conflict of interest<\/a> involving the family and associates of U.S. President Donald Trump due to digital asset-related initiatives.<\/p>\n<p>The document is subject to further revision and discussion. Some officials suggest that a re-vote could occur as early as next week.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;No senator should vote to make it easier for large tech companies to meddle in our financial transactions or to push small businesses and political opponents out of the payment system,&#8221; the senator added.<\/em><\/p>\n<\/blockquote>\n<p>Warren&#8217;s statement came amid <a href=\"http:\/\/forklog.com\/news\/smi-meta-izuchaet-vozmozhnost-integratsii-stejblkoinov\">reports<\/a> of Meta&#8217;s interest in integrating stablecoin payments on its platforms and several other initiatives among major U.S. and global companies.<\/p>\n<p>In May, the market capitalization of the USD1 stablecoin from Trump-affiliated World Liberty Financial <a href=\"https:\/\/u1f987.com\/en\/news\/market-capitalisation-of-usd1-stablecoin-surpasses-2-billion\">exceeded<\/a> $2 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GENIUS Act requires revision to prevent corporations from &#8220;issuing their own money,&#8221; stated U.S. Senate Banking Committee member Elizabeth Warren in a comment to CoinDesk. &#8220;The Senate must amend GENIUS to prohibit large tech companies and other commercial giants from owning or being affiliated with stablecoin companies,&#8221; she noted. The bill failed to pass [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1138,807,26],"class_list":["post-23848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-opinions","tag-stablecoins","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=23848"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/23847"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=23848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=23848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=23848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}