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Warren, Blumenthal Probe Meta on Potential Stablecoin Revival
June 12, 2025
WASHINGTON, June 12 -- Sen. Elizabeth Warren, D-Massachusetts, ranking member of the Senate Banking, Housing and Urban Affairs Committee, issued the following news release:

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Warren, Blumenthal Probe Meta on Potential Stablecoin Revival

Letter warns GENIUS Act has a major loophole allowing Big Tech companies like Meta to issue their own private currency as stablecoins

"Taxpayers could find themselves once again on the hook should Meta . . .

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