Senator Elizabeth Warren is raising red flags and calling on the U.S. Senate to slam the brakes on the GENIUS Act, warning that it could lead to a shady financial windfall for Donald Trump’s controversial USD1 stablecoin.

Warren Targets “Backroom Crypto Corruption” Linked to Trump

On Sunday, Warren didn’t hold back. She blasted the GENIUS Act — short for Guiding and Establishing National Innovation for US Stablecoins — claiming it could hand Trump’s World Liberty Financial (WLFI) an "illegal payday" thanks to a high-stakes crypto deal with the United Arab Emirates.

According to Warren, WLFI recently inked a massive agreement with UAE-based MGX, which is using Trump’s USD1 stablecoin to back a $2 billion investment in Binance. That partnership has reportedly supercharged USD1’s daily trading volume and bumped it up to the 7th largest stablecoin in the world.

“Trump’s family-backed stablecoin soared to the top because of a shady crypto arrangement with a foreign government. The Senate must not legalize this kind of corruption,” Warren stated in a fiery social media post.

She’s now calling on fellow lawmakers to reject the bill outright, despite its previously broad bipartisan support. Her core concerns? Unjust enrichment, foreign influence, and a complete lack of anti-money laundering and national security protections.

Momentum Fades: 10 Senators Already Pull Support

Warren isn’t alone. A growing group of Senators — now at least 10 — have pulled their support from the GENIUS Act, citing the bill’s failure to address financial transparency and national security loopholes.

Once considered a fast-track legislative win, the GENIUS Act now appears to be losing steam quickly as lawmakers rethink its potential consequences.

A Critical Blow to Trump’s WLFI and USD1 Ambitions

If the GENIUS Act stalls in Congress, the biggest loser might be Trump’s WLFI project. The company was counting on the bill’s passage to move forward with USD1’s listing on major centralized crypto exchanges.

Without regulatory clarity, WLFI is being forced to hit pause on its launch plans — a major setback in its bid to challenge stablecoin giants like Tether.

Crypto insiders suggest that delays could leave USD1 in the dust, struggling to keep up with the market leaders. The GENIUS Act was seen as a golden ticket — and now, it’s hanging by a thread.

🔍 Summary:

🔹 Elizabeth Warren demands Senate block the GENIUS Act over conflict of interest with Trump’s USD1

🔹 WLFI’s deal with UAE-based MGX triggers trading spike and suspicions of foreign-backed enrichment

🔹 10 Senators have already withdrawn support due to lack of AML and national security safeguards

🔹 Delay could derail USD1’s centralized exchange listing and damage its rivalry with Tether

#ElizabethWarren , #DonaldTrump , #USD1 , #stablecoin , #CryptoNewss

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