No, the Stablecoin Bill Isn't Built for Billionaires

No, the Stablecoin Bill Isn't Built for Billionaires

Sen. Elizabeth Warren (MA-D) recently sounded the alarm over new proposals on stablecoin legislation, claiming they’d give Elon Musk a “clear runway” to control U.S. money and payments. If that sounds overly-dramatic, it’s because it is. Here's what these bills actually do: the GENIUS Act and the STABLE Act aim to create responsible guardrails for stablecoins, ensuring consumer protection and financial stability while encouraging innovation. Far…

Senate poised to advance landmark crypto bill, Warren warns of Elon Musk 'controlling' financial system

The Senate is expected to markup a stablecoin bill on Thursday.

Senate Banking Committee: Vote NO on Crypto Stablecoin Bill (GENIUS Act) - Public Citizen

March 11, 2025   The Honorable Tim Scott, Chair The Honorable Elizabeth Warren, Ranking Member Honorable Members Senate Banking Committee 534 Dirksen Senate Office Building Washington, DC 20515 Please vote NO on the GENIUS Act.   Dear Committee members, On behalf of more than 500,000 members and supporters of Public Citizen, we offer the following comments related to the “Guiding and Establishing National Innovation for U.S. Stablecoins Act,” or…

The Future of Digital Payments: Senate Pushes Stablecoin Legislation

The U.S. Senate Banking Committee is set to vote on new stablecoin legislation this Thursday. This fresh draft proposal, as revealed by Senate Banking Chairman Tim Scott, has been negotiated with industry players. The bill aims to secure user data while ensuring financial inclusion nationwide. Senator Kirsten Gillibrand, one of the leading Democratic co-sponsors, explained that the updated bill improves several aspects, such as risk reduction, t…

Senate Standing Committee on Finance - 03/11/2025 - WNYmedia Network - Buffalo, NY

Let New York State Senators hear your voice! Create a nysenate.gov user profile and set custom alerts for issues you care about, comment and vote ‘yea’ or ‘nay’ on bills, and access live streaming and archived Senate videos. The post Senate Standing Committee on Finance – 03/11/2025 appeared first on WNYmedia Network - Buffalo, NY.

Stablecoin bill set to advance in Senate after Trump push

The Senate Banking Committee will vote on Thursday (Mar 13) on a bipartisan deal to regulate stablecoins as House Republicans push for quick action on their own bill.