{"id":25131,"date":"2025-05-05T06:16:31","date_gmt":"2025-05-05T06:16:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25131"},"modified":"2025-05-05T06:16:31","modified_gmt":"2025-05-05T06:16:31","slug":"elizabeth-warren-slams-shady-deal-involving-trump-family-backed-usd1-as-democrats-withdraw-support-for-senarte-crypto-bill","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25131","title":{"rendered":"Elizabeth Warren Slams &#8216;Shady&#8217; Deal Involving Trump Family-Backed USD1 As Democrats Withdraw Support For Senarte Crypto Bill"},"content":{"rendered":"<div>\n<p>A faction of Senate Democrats, known for their pro-cryptocurrency stance, expressed its opposition to a Republican-led stablecoin legislation on Saturday, citing concerns about the modified version.<\/p>\n<p><strong>What Happened<\/strong>:  A group of nine Democrats, who have previously backed crypto-friendly laws, voiced their concerns over the GENIUS Act, popularly known as the stablecoin bill, as <a href=\"https:\/\/www.politico.com\/news\/2025\/05\/03\/crypto-democrats-senate-stablecoin-00325255\">reported <\/a>by Politico. They said that the bill has multiple issues that need to be resolved before they can support it.<\/p>\n<p>The statement was endorsed by Sen.\u00a0<strong>Ruben Gallego<\/strong>\u00a0(D-Ariz.), Sen.\u00a0<strong>Mark Warner<\/strong> (D-Va.),\u00a0Sen. <strong>Lisa Blunt Rochester<\/strong> (D-Del.) and Sen. <strong>Andy Kim<\/strong> (D-N.J.), who had earlier\u00a0voted in favor of the\u00a0bill when <a href=\"https:\/\/www.benzinga.com\/content\/44516699\/u-s-congress-advances-stablecoin-regulation-with-the-introduction-of-the-stable-act\">it got approval<\/a> by\u00a0the Senate Banking Committee in\u00a0March.<\/p>\n<p>The lawmakers said that the bill needs \u201cstronger provisions\u201d on anti-money laundering, foreign issuers and national security.<\/p>\n<p>Sen.\u00a0<strong>Elizabeth Warren<\/strong>\u00a0(D-Mass.), a fierce cryptocurrency critic from the political fraternity, noted how a Trump family-backed <strong>USD1<\/strong> became one of the most valued stablecoins, currently the fifth-largest by market capitalization, thanks to a \u201cshady deal\u201d <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45160707\/eric-trump-says-world-libertys-stablecoin-will-be-used-to-close-a-2-billion-deal-dollar-token-to-also-get-integrated-with-justin-suns-tron-blockchain\">with the UAE-based investment firm<\/a>. <\/p>\n<p>\u201cThe Senate shouldn&#8217;t pass a crypto &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45187736\/elizabeth-warren-slams-shady-deal-involving-trump-family-backed-usd1-as-democrats-withdraw\" alt=\"Elizabeth\" warren slams deal involving trump family-backed usd1 as democrats withdraw support for senarte crypto bill>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A faction of Senate Democrats, known for their pro-cryptocurrency stance, expressed its opposition to a Republican-led stablecoin legislation on Saturday, citing concerns about the modified version. What Happened: A group of nine Democrats, who have previously backed crypto-friendly laws, voiced their concerns over the GENIUS Act, popularly known as the stablecoin bill, as reported by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25131","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25131"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25131\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}