The distinctive symbol Meta Mulls while Senator Warren requires a ban on big technology stablecoins

Meta re -evaluates its location in the Stablecoin space after the first encryption project, which was later renamed in the name of Diem, in 2022 under intense regulatory pressure.

Renewed momentum about Stablecoins raised concerns among American lawmakers, especially Senator Elizabeth Warren, which presses the prevention of adult technology players such as Meta from issuing their digital currencies.

Meta Communications Director, Andy Stone, Publicly These allegations are frankly, “Dim Mitt. There is no meta stablecoin.” However, the insiders suggest continuous unofficial discussions behind closed doors.

While Diem failed in the wake of the regulatory, legislative and financial reactions, Meta seems to have quietly find new ways to enter Stablecoin Market. There was no official word for this development. However, speculation is increasing that the company will start spreading Stablecoins to improve creative payments and facilitate international transactions.

Senator Warren is demanding a more stringent genius to prevent large technology from controlling stablecoins

Senator Elizabeth Warren highlights the genius law – which is the directive and creation of the national innovation of the United States Law – demanding decisive changes to prevent large technology from entering the Stablecoin market.

Warren argues that the Senate must enhance the genius law and clarify that large technology and other large commercial companies should not be allowed to possess or control Stablecoins.

Before Bill’s genius defeat, she said: “If we can reach a compromise on these issues today, I will vote in favor of the bill. If not, I will fight against him.”

Its interest is clear: If major technology companies have financial control over digital currency systems, they can use them to break user transactions, tamper with digital payments, and perhaps eliminate competitors and acquaintances.

In the treatment of Meta’s participation, Warren explicitly interrogated the CEO of Meta Mark Zuckerberg, and asked whether his company was planning to re -quietly re -launch Stablecoin.

Warren said that Zuckerberg owes Congress to explain whether this was another trick to indirectly use the American people’s money to support the market.

For Warren, the possibility of Meta or any technical company that oversees a digital currency not only threatens financing – but the idea of ​​democracy itself. It is afraid to put these companies on stimulants, with the huge impact on politics, trade and civil freedoms.

Legionships prevent Stablecoin’s legislation as dead attempts trying to revive

On Thursday, Democrats prevented the Senate from looking at the genius law, which will create a regulatory framework for Stablecoins.

The draft law was voted from 48-49, as it decreased from 60 votes required to bring it closer to the final corridor. The vote was almost completely divided into the party lines after support from the two parties collapsed for legislation last week.

Although it is initially expected to ensure a quick approval of another necessary action, the bill faced opposition from some Democratic Senate members. They said they still have concerns about the provisions related to money laundering, national security and a handful of other issues and they were unable to support the current issue of the draft law.

Warren and its allies argue that the draft law can allow companies’ interests to control financial transactions without stronger guarantees. The genius law is to get a difficult look or two now, with some calls to fix it.

Senator Robin Galigo (ARES), the best democratic democracy in the Senate Banking Subcommittee, on digital assets to delay the vote until Monday to give Senate members more time. However, his request was rejected, and the Democrats voted the bill.

At the core of the discussion, whether companies like Meta should be allowed to re -enter the Stablecoin space, a possibility that many legislators, including Warren, should view a serious danger to financial stability and democratic supervision.

The genius law has now returned to negotiations, and some legislators continued to appear in the Senate Hall early next week.

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