Senator Elizabeth Warren, after the GENIUS Act advanced past the cloture vote, stated that the bill is “worse than no bill at all” and warned it would accelerate “Trump’s corruption” by expanding the stablecoin market and increasing the reach and profitability of USD1

Event date

May 19, 2025

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Sen. Elizabeth Warren, D-Mass., said the bill doesn't do enough to address Trump's crypto involvement and criticized USD1, the stablecoin recently launched by World Liberty Financial. "The GENIUS Act will accelerate Trump’s corruption by supercharging the size of the stablecoin market and the reach and profitability of USD1," she said earlier on Monday.

Some Democrats, however, are still unsatisfied with the new language, which has not been released publicly. Sen. Elizabeth Warren, a longtime critic of crypto-friendly legislation, told Senators ahead of the vote that the GENIUS Act, as it currently stands, is “worse than no bill at all.”

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Week 21 of 2025