coinpedia 2025-05-20 13:55:09

Shark Tank’s Kevin O’Leary Slams Senator Warren Over GENIUS Act: “Un-American and Dangerous”

The post Shark Tank’s Kevin O’Leary Slams Senator Warren Over GENIUS Act: “Un-American and Dangerous” appeared first on Coinpedia Fintech News Shark Tank investor and Canadian businessman Kevin O’Leary is firing back at Senator Elizabeth Warren over her opposition to the GENIUS Act – a bipartisan bill designed to regulate stablecoins in the United States. O’Leary didn’t hold back , calling Warren’s stance “dangerous” and “un-American,” accusing her of blocking financial innovation by turning the bill into a political weapon against Donald Trump. O’Leary: Warren Is Politicizing a Vital Crypto Bill As crypto regulation becomes a bigger part of U.S. policy, O’Leary argues that Warren is distracting from the GENIUS Act’s core purpose. He says the bill is about modernizing the American financial system through properly regulated stablecoins – not about Trump or meme coins. In a post on X , O’Leary stressed that the bill has nothing to do with Trump and warned that dragging politics into the conversation could hurt the country’s ability to lead in global finance. According to him, the GENIUS Act is a step toward strengthening the U.S. dollar’s role in digital payments around the world. He believes Warren’s opposition risks slowing innovation and letting countries like China pull ahead in the race for financial dominance. “This is about establishing the U.S. dollar as the default currency for global price discovery,” O’Leary said, dismissing Warren’s claims as “completely deranged.” Warren’s Opposition to the GENIUS Act Senator Warren opposes the bill , citing its ties to a $2 billion MGX-Binance deal involving USD1 which is a Trump-linked stablecoin. She cautions that exemptions for senior officials, including the president, could give birth to corruption, claiming the bill risks “greenlighting the grift.” Warren argues that the bill could allow Trump to regulate his own financial product, undermining transparency and public trust. GENIUS Act Moves Forward with Bipartisan Support Despite Warren’s strong pushback, the GENIUS Act recently passed a key Senate hurdle. Several Democrats who were initially skeptical have now supported a revised version of the bill. The bipartisan support signals growing momentum for establishing clear regulations for stablecoins – something many in the industry believe is essential for the future of digital finance in the U.S. You can best believe that the debate is not over.

La maggior parte ha letto le notizie

KULR’s Bitcoin Strategy Yields 220%, Holdings...
2025-05-20
TRX Whale Moves, Aptos Developer Growth and $...
2025-05-20
Bitcoin to $500K? Ethereum, XRP, and MAGACOIN...
2025-05-20
Ripple – XRP Spot ETFs might be ‘only a matte...
2025-05-20
Dogecoin Chart Too Good To Ignore, Says Trade...
2025-05-20
AVAX’s DeFi Momentum Sheds Light on Ruvi AI (...
2025-05-20
Ethereum Whales Add 1.4 Million ETH as Price...
2025-05-20
Bitcoin spotted on Blackstone’s $1 trillion p...
2025-05-20

Notizie correlate

Texas Bitcoin Reserve Bill SB 21 Advances With Str...
20 May 2025
Chainlink Price Prediction: Can Increased Network...
20 May 2025
Where Web3 Meets AI: Inside The Binary Holdings’ V...
20 May 2025
These 3 Altcoins Are Gaining Serious Traction – Ar...
20 May 2025
Societe Generale Boosts Crypto Ambitions with Inno...
20 May 2025
AML Agency Tells Russians: Crypto Exchanges Send U...
20 May 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta