Senator Elizabeth Warren, a vocal critic of cryptocurrency, has called for a ban on Big Tech companies like Meta from issuing stablecoins. In a statement to CoinDesk, Warren argued that these companies should be "clearly prohibited" from creating stablecoins or collaborating with related entities. Warren voiced concerns about the potential for these tech giants to leverage financial data and potentially exclude smaller businesses or political adversaries from critical payment infrastructure. She believes this could create an unlevel playing field and stifle innovation. She specifically urged the Senate to amend the "GENIUS Act," a stablecoin regulatory bill currently under consideration, to include such a prohibition. The Senator's stance highlights the growing regulatory scrutiny surrounding stablecoins and the role of large technology companies in the digital asset space. The outcome of the "GENIUS Act" could significantly impact the future of stablecoins in the United States. ```
