
Elizabeth Warren Warns GENIUS Act Could 'Blow Up Our Entire Financial System' Without Tougher Rules
Elizabeth Warren Warns GENIUS Act Could 'Blow Up Our Entire Financial System' Without Tougher Rules

Senator Elizabeth Warren (D-Mass.) is urging the U.S. Treasury Department to strengthen oversight of the new stablecoin law signed by President Donald Trump, warning that the legislation could put consumers and the entire financial system at risk if left unchecked.
Article Summary
**Elizabeth Warren Sounds Alarm on Trump's GENIUS Act: Cryptocurrency Regulation Battle Intensifies** Senator Elizabeth Warren is raising critical concerns about President Trump's newly signed GENIUS Act stablecoin legislation, warning it could destabilize America's financial infrastructure without proper regulatory safeguards. The Democratic senator from Massachusetts is pressuring the U.S. Treasury Department to implement stricter oversight mechanisms for the cryptocurrency law, citing potential risks to consumers and systemic financial stability. Warren's opposition highlights growing tensions between progressive lawmakers and the crypto industry as digital assets gain mainstream adoption. The GENIUS Act represents a significant shift in U.S. cryptocurrency policy, potentially affecting major stablecoins like USDT and USDC that facilitate billions in daily blockchain transactions. This regulatory pushback could impact Bitcoin prices, DeFi protocols, and broader cryptocurrency market sentiment as investors monitor Washington's approach to digital asset oversight. The clash between Warren's consumer protection stance and Trump's pro-crypto agenda signals ongoing uncertainty in the regulatory landscape, potentially influencing institutional investment decisions and cryptocurrency exchange operations across the United States.







