📢 Key Highlights:

• Elizabeth Warren criticizes the Stablecoin Bill (FIT21), calling it a tool for Trump and Musk to control financial markets.
• She claims Trump’s World Liberty Financial is using Ethereum & BNB Chain to launch the stablecoin USD1 for personal gain.
• Stablecoins offering interest-bearing products could threaten traditional banks by diverting deposits, shaking the financial system.
• Warren questions "Crypto Czar" David Sacks' financial interests, demanding proof he hasn’t benefited from pro-crypto policies.
• She warns about Musk’s "Department of Government Efficiency" (DOGE), fearing it will increase his influence and corruption risks.

📊 Stablecoin Market Growth & Concerns:

• Market Cap: Over $238B, dominated by Tether (USDT).
• Warren fears that corporate control over stablecoins could undermine financial stability and enrich elites at the expense of the public.

⚖️ Regulatory Debate Continues:

While pro-crypto lawmakers push for clearer regulations, Warren and her allies argue that FIT21 could be a backdoor for billionaires to dominate digital finance.

What’s your take? Should stablecoin regulations tighten to protect traditional banking, or will stricter rules stifle innovation? 🚀🏦