Senator Elizabeth Warren has criticized the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act due to the corruption claims surrounding Trump’s USD1 stablecoin.

What Happened: A group of nine Democrats, who have previously backed crypto-friendly laws, voiced their concerns over the GENIUS Act, popularly known as the stablecoin bill, as reported by Politico.

News of the controversial deal and reintroduced GENIUS Act sparked pushback from U.S. lawmakers like Senator Elizabeth Warren (D-MA), who slammed the political developments as corrupt.

Democrats are increasingly zeroing in on the Trump's private crypto dealings as a means to critique his second term.

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act needs to change to prevent the large corporations from issuing their own money, Warren said. "The Senate must fix ...

The bill, known as the GENIUS Act, would create a regulatory framework ... the bill for various other reasons. Democratic Sen. Elizabeth Warren of Massachusetts, the top Democrat on the Senate ...

The bill, known as the GENIUS Act, would create a regulatory framework ... and needs at least 60 votes. Democratic Sen. Elizabeth Warren of Massachusetts, the top Democrat on the Senate Banking ...

As the Connecticut lawmaker was introducing the Modern Emoluments and Malfeasance Enforcement (MEME) Act overnight, fellow Democrat Elizabeth Warren was ... U.S. Stablecoins (GENIUS) Act easily ...

Failure to pass GENIUS Act leaves $200 billion stablecoin market ... deal with an Abu Dhabi firm for Binance. Senator Elizabeth Warren (D-MA) criticized the bill for potentially enabling political ...

Sources close to GOP party leadership say Senators Elizabeth Warren ... voted in favor of the GENIUS Act in committee, moved for the vote on the bill on Monday, but Warren could be heard ...

The so-called GENIUS Act, once considered a quick win for ... substantive reforms to the bill," Sen. Elizabeth Warren said in a Monday speech. The emerging resistance isn't against stablecoin ...