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BTCC / BTCC Square / Global Cryptocurrency /
Elizabeth Warren Warns of Financial Risks in GENIUS Act, Citing Crypto Industry Influence

Elizabeth Warren Warns of Financial Risks in GENIUS Act, Citing Crypto Industry Influence

Author:
Global Cryptocurrency
Published:
2025-07-25 23:21:02
12
1
BTCCSquare news:

The GENIUS Act, now law, establishes regulatory frameworks for stablecoins, drawing sharp criticism from Senator Elizabeth Warren. She argues the legislation favors crypto industry interests over public protections, comparing it to pre-2008 crisis deregulation.

Banks and retailers are accelerating stablecoin projects under the new rules, but economists echo concerns about systemic risks. 'When lobbyists write the rules, Main Street pays the price,' Warren stated, highlighting potential for bank runs and taxpayer bailouts.

|Square

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