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News Explorer — Elizabeth Warren Denounces Report of Amazon, Walmart Stablecoin Plans

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Jun 13, 8:10 pm

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Elizabeth Warren Denounces Report of Amazon, Walmart Stablecoin Plans

Sen. Elizabeth Warren and consumer advocacy groups criticized Amazon and Walmart for considering issuing stablecoins (according to a Wall Street Journal report), warning of potential exploitation and monopolization. The GENIUS Act, pending in the Senate, could allow tech giants to launch private currencies.

Sen. Elizabeth Warren and consumer advocacy groups criticized Amazon and Walmart for considering issuing stablecoins (according to a Wall Street Journal report), warning of potential exploitation and monopolization. The GENIUS Act, pending in the Senate, could allow tech giants to launch private currencies.

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