US Senator Elizabeth Warren calls stablecoin bill a "scam" between Trump and Musk
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2025-03-27 15:02 8,363
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Golden Finance reported that on Wednesday, U.S. Senator Elizabeth Warren (D-MA) pointed his finger at a stablecoin-focused bill that Congress is considering, accusing U.S. President Donald Trump of using the bill to seek his own economic benefits.
The Massachusetts senator shared her criticism when linking an article about President Trump’s decentralized finance project, World Liberty Financial, launching its own stablecoin USD1 on the BNB chains of Ethereum and Binance.
Warren expressed his concerns on social media, claiming that President Trump is using the project to "enjoy his personal pockets." "Congress should come forward to amend the stablecoin bill currently under consideration in the Senate, which will make it easier for Trump and Elon Musk to control your money," Warren wrote. "Warren criticized the 21st Century Financial Innovation and Technology Act (FIT21).