Elizabeth Warren Says Billionaires Like Jeff Bezos And Elon Musk Will 'Track Your Purchases' If Allowed To Launch Stablecoins, And Stick You With The Bill When It 'Blows Up'

Warren's Criticism of Billionaires: Senator Elizabeth Warren criticized billionaires Elon Musk and Jeff Bezos, claiming that the GENIUS Act could allow them to exploit user data through stablecoins, posing risks to consumers and the economy.

Legislative Concerns: Warren is advocating for amendments to the GENIUS Act before its Senate vote, warning that without changes, it could enable corruption and illegal activities, particularly involving major companies like Amazon and Walmart exploring their own stablecoins.