{"id":156217,"date":"2025-05-06T13:00:33","date_gmt":"2025-05-06T10:00:33","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=156217"},"modified":"2025-05-06T09:03:20","modified_gmt":"2025-05-06T06:03:20","slug":"senator-warren-sounds-alarm-on-crypto-bill-tied-to-trump-backed-token","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/senator-warren-sounds-alarm-on-crypto-bill-tied-to-trump-backed-token\/","title":{"rendered":"Senator Warren Sounds Alarm on Crypto Bill Tied to Trump-Backed Token"},"content":{"rendered":"

The proposed legislation\u2014known as the GENIUS Act\u2014initially gained bipartisan traction but is now rapidly losing support as concerns over national security and regulatory loopholes intensify.<\/p>\n

Warren has singled out<\/a><\/strong> a high-profile deal involving World Liberty Financial (WLFI), a firm reportedly connected to President Donald Trump, and MGX, a UAE-based company. The deal centers on a dollar-pegged token, USD1, and a massive $2 billion investment allegedly linked to Binance. Since the agreement was announced, USD1 has surged in activity and climbed the ranks to become one of the top stablecoins globally.<\/p>\n

Warren warns that this arrangement could enrich political allies while circumventing oversight. She\u2019s urging lawmakers not to greenlight a bill that could, in her words, legitimize shadowy partnerships and weak financial controls.<\/p>\n