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US Congressman Warren criticizes stablecoin bill, urges Treasury Department to guard against Trump-related risks

Elizabeth Warren, a Democrat on the U.S. Senate Banking Committee, criticized the American Stablecoin Innovation and Guidance Act (GENIUS), which Trump signed in July this year, saying that its regulations are loose and flawed, which may threaten financial stability and consumer interests. In her letter to the Treasury Department, Warren asked that the Treasury should propose measures to address conflicts of interest between Trump and his family, crack down on illegal financial activities, and p...

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2025-10-21 22:57:15
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