News Explorer — Elizabeth Warren Calls for Ban on Big Tech Firms Launching Stablecoins

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May 9, 8:26 pm

Coindesk

Elizabeth Warren Calls for Ban on Big Tech Firms Launching Stablecoins

Meta is considering re-entering the stablecoin market, prompting U.S. Senator Elizabeth Warren to advocate for legislation preventing tech giants from issuing their own money. The GENIUS Act, aimed at regulating stablecoins, faces revisions following opposition from Democrats in the Senate.

Meta is considering re-entering the stablecoin market, prompting U.S. Senator Elizabeth Warren to advocate for legislation preventing tech giants from issuing their own money. The GENIUS Act, aimed at regulating stablecoins, faces revisions following opposition from Democrats in the Senate.

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