Meta Eyes Crypto Tokens as Senator Warren Declares War on Big Tech Stablecoins

Tech giant Meta reportedly explores launching its own cryptocurrency tokens—just as Senator Elizabeth Warren fires a regulatory warning shot across the bow of corporate stablecoins.

Warren’s latest salvo targets ’Big Tech’s dangerous foray into shadow banking,’ while Silicon Valley quietly builds the rails for decentralized finance 2.0. The irony? Traditional banks still settle transactions with 19th-century tech.

This clash highlights the growing tension between innovation and regulation in the digital asset space. As policymakers scramble to keep up, the real question remains: who’ll control the future of money—Washington or the blockchain?

Binance and the Treasury

Warren, the senior Democrat on the Senate Banking Committee has been busy with her crypto-sector scrutiny, also joining in with colleagues on Friday to question Treasury Secretary Scott Bessent and Attorney General Pam Bondi on their interactions with Binance as it reportedly sought to smooth out the U.S. legal demands the exchange still labors under after a 2023 settlement.

Five DemocratIc senators — also including Richard Blumenthal, Chris Van Hollen, Mazie Horono and Sheldon Whitehouse — sent a letter to the officials about the exchange’s discussions with the U.S. government as Binance increases business ties with World Liberty Financial, the crypto company tied to President Donald TRUMP and his family.

"As the administration loosens oversight on an industry where bad actors have violated money laundering and sanctions law, it is not surprising that Binance, which has admitted to prioritizing its own growth and profits over compliance with U.S. law, WOULD seek to roll back the oversight required by its settlement," they wrote in the letter, noting Binance’s constraints based on its past guilty pleas to a list of charges including money laundering and sanctions violations, for which the company is still under the observation of independent monitors. 

"Our concerns about Binance’s compliance obligations are even more pressing given recent reports that the company is using the Trump family’s stablecoin to partner with foreign investment companies," the senators said.

Spokespeople for Binance didn’t immediately respond to a request for comment.

Nikhilesh De contributed reporting.