META

#Meta
Meta invested $14.8 billion in Scale AI, a data classification company, in a deal that gives it a 49% non-voting minority stake, accompanied by an exciting move with Scale's CEO, Alexander Wang, transitioning to work at Meta.

This deal is the second largest investment in the company's history, coming at a time when concerns are growing over attempts by tech giants to evade regulatory oversight through what's known as disguised acquisitions.

Senators Warren and Blumenthal question Meta’s stablecoin plans.
GENIUS Act advances in Senate with 68-30 vote for debate.Meta’s past Libra/Diem projects faced global regulatory backlash.Concerns raised over Meta’s potential influence on GENIUS Act. Stablecoin market grows 90% to $249.3 billion in 2025. 
Senators Demand Clarity on Meta’s Stablecoin Strategy
U.S. Senators Elizabeth Warren and Richard Blumenthal sent a letter to Meta CEO Mark Zuckerberg on June 11, 2025, seeking details about the company’s potential stablecoin plans. The inquiry coincides with the Senate’s debate over the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, a bill aimed at regulating digital currencies pegged to assets like the U.S. dollar.
The senators expressed alarm over Meta’s history with stablecoin projects, citing the failed Libra and Diem initiatives, which collapsed in 2022 due to global regulatory pushback. They warned that Meta’s renewed interest in digital currencies could threaten consumer privacy and market competition if not tightly regulated.
Lawmakers asked whether Meta influenced the GENIUS Act’s drafting and if it plans to issue its own stablecoin or partner with existing providers. They also questioned whether Meta would support amendments barring Big Tech from controlling stablecoin issuers.
GENIUS Act Sparks Heated Senate Debate
The GENIUS Act advanced in the Senate with a 68-30 vote on June 11, 2025, clearing a procedural hurdle to allow further debate and amendments. The legislation seeks to establish a federal framework for stablecoin issuers, requiring full backing by U.S. assets and licensing by regulators.
Critics, including Warren, argue the bill could enable tech giants like Meta to dominate digital finance. “A Meta-controlled stablecoin could deepen surveillance of consumer transactions,” the senators wrote, highlighting risks to financial privacy.
Supporters, led by Senate Majority Leader John Thune, claim the bill will bolster U.S. economic dominance by mainstreaming digital currencies. Thune emphasized that the legislation could position the U.S. as the “crypto capital of the world.”
Concerns also arose over potential exemptions for Meta under the GENIUS Act. The senators cautioned that President Donald Trump, whose family launched the World Liberty Financial stablecoin platform, might issue a waiver allowing Meta to bypass regulations. Such a move, they argued, could undermine oversight and favor corporate interests.
The bill’s progress follows a stalled attempt in May, when Democrats raised objections over insufficient safeguards against illicit finance and conflicts of interest tied to Trump’s crypto ventures. Recent bipartisan negotiations incorporated Democratic amendments, paving the way for the June vote.
Meta’s Past and Present Crypto Ventures
Meta’s earlier foray into stablecoins through Libra and Diem faced fierce opposition from regulators worldwide. The projects aimed to create a global digital currency but were abandoned after concerns over money laundering, financial stability, and data privacy.
Recent reports suggest Meta is exploring stablecoin payments across its platforms, including Facebook, Instagram, WhatsApp, and Messenger. The company has not confirmed these plans, and a Meta spokesperson declined to comment on the senators’ letter. In May, Meta’s communications director, Andy Stone, stated on X that no stablecoin was in development.
The senators’ inquiry also touched on Meta’s lobbying activities. They demanded transparency on whether Meta advocated for provisions in the GENIUS Act or engaged with lawmakers to shape crypto policy.
Broader Implications for Stablecoin Regulation
The GENIUS Act debate underscores tensions over Big Tech’s role in finance. Republican Senator Josh Hawley has opposed the bill, arguing it grants tech firms excessive power to issue digital currencies that could rival the dollar. Democrats are pushing an amendment to prohibit Big Tech from creating stablecoins, aiming to curb monopolistic risks.
Stablecoins, designed to maintain a stable value, have surged in popularity, with a market cap of $249.3 billion as of June 2025, up 90% since January 2024. Major players like Tether and Circle dominate, but corporate interest from firms like Apple and Google is growing.
The Senate’s next steps include reviewing over 120 proposed amendments, some addressing unrelated issues like credit card fees. A final vote is expected soon, with the bill potentially moving to the House for further consideration.

#Stablecoin #Meta #GENIUSAct #CryptoRegulation #DigitalCurrency

#meta #SUİ

🚨 From Meta to Sui — And Now Back Again? The Full Circle That Could Change Everything

What if I told you that Sui, the high-speed Layer 1 blockchain everyone’s watching, wasn’t just another altcoin — but a product of former Meta (Facebook) developers who helped build the Diem blockchain and Move programming language?

Now, imagine this:

💡 Those same devs break off, build Sui with next-gen speed and scalability...

📈 Sui gains traction, strong backing, and ecosystem growth...

🔁 And now the circle completes — because rumors and signs point to a potential Meta-Sui partnership in the works.

🧬 Why This Is Huge:

Sui was built by Mysten Labs, founded by ex-Meta engineers who worked on Diem (Meta’s abandoned crypto project)

Sui uses the Move programming language originally created at Meta — it’s designed for speed, safety, and parallel execution

Meta has re-entered the digital asset space via initiatives like Threads, Meta AI, and immersive commerce

Sui is one of the few blockchains engineered from scratch to meet the demands of global tech platforms like Meta

🚀 What a Meta-Sui Partnership Could Unlock:

Massive user onboarding from Meta’s billions of users

Cross-platform integration with Threads, Instagram, Facebook Marketplace, and even Quest (VR)

In-app micropayments or asset ownership through Sui-based NFTs and tokens

Huge institutional confidence due to the shared engineering DNA

📊 The Setup for a Surge

With altcoin season heating up, a Meta-Sui partnership or even whisper of collaboration could send Sui from a top 100 coin into top 20 territory fast. A parabolic surge like this would be fundamentally justified — not just hype-driven.

🧠 Final Thought

Sui didn’t just come from Meta.

It was built for Meta-level scale — and now the tech world may be watching as it finds its way home.
Stay sharp. This could be the most overlooked full-circle play in this cycle.

#meta
Senators Elizabeth Warren and Richard Blumenthal demand Mark Zuckerberg provide comprehensive stablecoin disclosure within five-day June 17 deadline amid secret crypto talks with Circle and Tether while warning of monopolistic threats to US economy.
Democratic Senators Elizabeth Warren and Richard Blumenthal launched a direct challenge against Meta’s CEO Mark Zuckerberg, sending a formal letter on Wednesday demanding comprehensive disclosure about the tech company’s revived interest in stablecoin payment systems.
The timing of this congressional inquiry proves particularly significant, as the Senate prepares to vote on upcoming stablecoin regulation legislation.
The lawmakers argue that, given Meta’s enormous market influence, it has become imperative for both Congress and the American public to gain complete transparency regarding the company’s cryptocurrency ambitions.
Why Warren Calls Meta’s Stablecoin a ‘Monopolistic Threat’ to the US Economy
In their June 12 correspondence, the senators articulated their concerns about the broader implications of technology giants entering the digital currency space.
“Big Tech companies’ issuing or controlling their own private currencies, like a stablecoin, would threaten competition across the economy, erode financial privacy, and cede control of the U.S. money supply to monopolistic platforms that have a history of abusing their power,” the senators wrote.

Zuckerberg has been given a five-day deadline until June 17 to provide detailed responses to eight specific inquiries about Meta’s stablecoin strategy.
These questions encompass which external companies Meta has engaged for consultation and whether the corporation is actively considering developing its own stablecoin.
The senators are also seeking information about Meta’s lobbying activities regarding cryptocurrency legislation and the company’s stance on potential amendments that would prevent “Big Tech” firms from controlling stablecoin issuers.

Warren and Blumenthal referenced Meta’s previous ventures into digital currency through the Libra and Diem projects, which debuted in 2019.
These initiatives ultimately failed due to overwhelming regulatory pressure and opposition from both political parties, leading to the sale of all related assets by 2022.
Will the GENIUS Act Hand Stablecoin Control to Big Tech? Senate Vote Sparks Fury
The letter also highlights concerns about potential regulatory exceptions that could benefit Meta.
The senators worry about President Donald Trump potentially granting the company a waiver under the GENIUS Act, which could allow Meta to circumvent regulations other stablecoin issuers must follow.

The lawmakers warned about privacy implications if Meta were to control its stablecoin infrastructure.
“If Meta controlled its own stablecoin, the company could further pry into consumers’ transactions and commercial activity,” the senators wrote.
“The massive amounts of consumer data it would ingest could help Meta fuel surveillance pricing schemes on its platform, more intrusive targeted advertising, or otherwise help the company monetize sensitive private information through sales to third party data brokers.”
This congressional investigation stems from a May 8 report revealing that Meta has been discussing incorporating stablecoins into its platform ecosystem with various cryptocurrency companies, including Instagram, Facebook, and WhatsApp.
At the time of initial reporting, it remained uncertain whether Meta intended to partner with established stablecoin providers like Tether or Circle or planned to develop its own proprietary solution.
Meta Says ‘No Stablecoin’ — But Senators Found Evidence of Secret Crypto Talks
Meta communications director Andy Stone responded to the May reports by confirming that the Diem project had been permanently discontinued, stating that Diem is “dead” and that there was “no Meta stablecoin.”

However, subsequent reporting by Fortune suggested that Meta was actively negotiating with multiple cryptocurrency firms regarding stablecoin payment integration.
Drawing from available information, Meta’s primary interest lies in the practical advantages of stablecoins over traditional fiat currencies, particularly regarding cost-effective international transfers and cross-border payments.
Circle’s Senior Director of Business Development Matt Cavin, who previously held an executive position at Web3 gaming company Immutable until March, is reportedly spearheading the discussions.

Additionally, Ginger Baker, whom Meta recruited as Vice President of Product in January, is said to be contributing to the stablecoin initiative.
Baker brings significant cryptocurrency expertise, having served on the board of the Stellar Development Foundation and previously working as a senior director of products at Ripple.
$BTC $ETH $XRP

Follow 🔥 Stay tuned for more updates 🚀😍🚀

Meta Platforms, the tech giant behind Facebook and Instagram, is actively negotiating a massive investment in the startup Scale AI, which specializes in data labeling for artificial intelligence. According to Bloomberg, the deal could exceed $10 billion, making it one of the largest private investments in history. Scale AI, valued at $14 billion in 2024, collaborates with leaders like Microsoft and OpenAI, providing services for training machine learning models.

Meta could invest over $10 billion in Scale AI.
The deal would be Meta's largest external investment in AI.
Scale is already collaborating with Meta on military projects.
Meta is negotiating a massive investment in the startup Scale AI, the amount of which could exceed $10 billion. If the agreement goes through, it will be among the largest private funding rounds in history.