A Ticking Time Bomb? US Senator Compares GENIUS Act To 2008 Financial Crisis

2025-08-01 04:03:07

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US President Donald Trump’s new crypto law is under fire from Sen. Elizabeth Warren, who warns it could repeat mistakes that led to the 2008 crash. Based on reports from Vanity Fair, Warren says the GENIUS Act was shaped more by industry players than by public interest, and she fears ordinary Americans will pay the price. GENIUS Act: Industry Influence Draws Fire According to Warren, the bill was “coined” by crypto insiders eager to protect their own gains. She pointed out that firms linked to t...

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