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U.S. Senator Warren claims that the GENIUS Act may enable the president to profit, urging the Senate to reject the bill.
On May 7, U.S. Senator Elizabeth Warren stated on social media, “Trump has used his stablecoin to make a $2 billion deal with a questionable fund in the UAE. The Senate will vote on the ‘GENIUS Act’, a cryptocurrency bill that will make it easier for the president’s fraudulent activities. If we do not address this issue, no senator should vote in favor of it.”