A ‘Threat To Privacy’? US Senators Question Meta’s Stablecoin Plan In New Letter
As crypto legislation advances through the US Congress, two senators have sent a letter to Meta founder Mark Zuckerberg inquiring about the company’s stablecoin strategy following recent reports alleging that the tech giant is planning to launch a private currency. Related Reading: Connecticut Lawmakers Pass Bill Banning State Investments In Crypto Democrats Question Meta’s Stablecoin […]
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In a recent interview at Coinbase’s State of Crypto Summit, the Commodity Futures Trading Commission (CFTC) Acting Chair shared the future of the agency’s crypto regulation under the pro-industry administration. Related Reading: A ‘Threat To Privacy’? US Senators Question Meta’s Stablecoin Plan In New Letter CFTC Won’t Criminalize Crypto On Thursday, CFTC’s acting chair, Caroline Pham, […]
Democratic Senator Elizabeth Warren questioned Meta CEO Mark Zuckerberg about the company’s stablecoin plans, warning of serious risks to financial stability, competition, privacy, and payments integrity. Related Reading: Tokenized China-Linked Equities And ETFs On BNB Chain Explode 2,850% In 2026 Meta’s Stablecoin Trials Under Scrutiny This week, US Senator Elizabeth Warren sent a new letter […]
In response to a letter from the U.S. calling on Facebook to halt its stablecoin and crypto wallet projects, Diem stated that it “is not Facebook. We are an independent organization” Stablecoin project Diem has distanced itself from its Facebook in response to Democrat Senators calling for the immediate cessation of the firm’s Novi crypto wallet.Diem also claimed senior regulators had called it “the best-designed stablecoin project that the U.S. government had seen.”In an Oct. 19 letter sent to Facebook CEO Mark Zuckerberg, the Senators including crypto critic Elizabeth Warren, voiced....
Two US senators have sent a new letter demanding that the Department of Justice (DOJ) and the Treasury Department investigate Donald Trump-backed World Liberty Financial (WLFI) over token sales allegedly linked to illicit actors. Related Reading: Canada Faces Crypto Oversight Struggles As Underground Transactions Facilitate AML Violations Senators Question WLFI’s Token Sale On Tuesday, CNBC […]
What began as a promising effort to apply transparent rules to crypto and stablecoins has run into a serious roadblock. Related Reading: Big Bitcoin Plan: Metaplanet Heads To Miami With $250 Million BTC Strategy On May 4, 2025, ten US Senators came out swinging against the revised version of the “GENIUS Act,” stating that it […]