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Meta Explores Stablecoin Return as Senator Warren Pushes for Regulatory Block
Meta Explores Stablecoin Return as Senator Warren Pushes for Regulatory Block
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Meta (META) is reportedly considering a re-entry into the stablecoin market, reigniting concerns among U.S. regulators. Senator Elizabeth Warren has called for legislative measures to prevent large corporations from issuing their own digital currencies, citing the need for stricter oversight.
The GENIUS Act, which aims to establish U.S. rules for stablecoins like USDT and USDC, faced unexpected opposition from Democrats this week, halting its progress in the Senate. Warren emphasized the necessity of amendments to curb corporate control over monetary instruments.
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