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Elizabeth Warren believes that the GENIUS Act is a cryptocurrency law that Americans cannot afford.
She accuses Trump of contributing to financial instability.
The senator also compared the adoption of stablecoin regulations to the preconditions of the 2008 crisis.
Democratic Senator Elizabeth Warren recently criticized the newly passed GENIUS Act, which creates a legal framework for stablecoins, accusing the crypto industry of writing the law for its own benefit and warning of the threat to the financial stability of the United States. This was mentioned in her interview for Vanity Fair.