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Elizabeth Warren Slams GENIUS Act Over Illegal Profits By Trump’s USD1 Stablecoin

CoinGape LogoCoinGape19h ago

Elizabeth Warren Slams GENIUS Act Over Illegal Profits By Trump’s USD1 Stablecoin - CoinGape

Quick Summary:

US Senator Elizabeth Warren has taken swipes at the GENIUS Act over its potential in facilitating an illegal windfall for Trump’s USD1 stablecoin.

Warren is urging the rest of the Senate to reject the stablecoin legislation that once enjoyed bipartisan support in Congress.

However, if the bill fails to pass through the vote, the hardest hit will be the Trump-backed WLFI.

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Elizabeth Warren Slams GENIUS Act Over Illegal Profits By Trump’s USD1 Stablecoin - CoinGape (Picture 1)

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Article Details

Author / Journalist: Aliyu Pokima

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 03:30:57 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 396 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28384950

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 28 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story "Elizabeth Warren Slams GENIUS Act Over Illegal Profits By Trump’s USD1 Stablecoin" has 396 words across 27 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Elizabeth Warren Slams GENIUS Act Over Illegal Profits By Trump’s USD1 Stablecoin" was covered 19 hours ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 28 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #28384950
  • URL: https://web17077.beamstart.com/news/elizabeth-warren-slams-genius-act-17464167413671

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