Warren Declares War on Controversial Crypto Bill Fueling Trump-Linked Token Surge
Senator Elizabeth Warren fires warning shots at proposed legislation that could send a Trump-endorsed digital asset mooning—while critics whisper ’regulatory capture’ under their breath.
The bill in question, quietly gaining traction among crypto-friendly lawmakers, threatens to carve loopholes big enough to drive a MAGA-themed meme coin through. Washington insiders suspect backroom deals as the token’s trading volume spikes 300% post-announcement.
Meanwhile, Wall Street veterans roll their eyes—’Just another pump-and-dump scheme with better lobbyists,’ quips a hedge fund manager counting his Bitcoin profits.
Strategy Adds Nearly $200M in Bitcoin as Institutional Confidence Holds Strong
The backlash appears to be working—ten senators, including former supporters, have now backed away from the GENIUS Act, citing the bill’s vague enforcement provisions and exposure to foreign influence.
In the fallout, WLFI has paused plans to list its stablecoin on major exchanges, citing the need for regulatory clarity. But with political pressure mounting and the bill’s future uncertain, the project may lose momentum in a stablecoin market already dominated by giants like Tether.
A House vote was expected soon, but with Senate support evaporating, the GENIUS Act is now stalled—caught between calls for crypto innovation and fears of political profiteering.
