According to her:
“The GENIUS Act has a major loophole allowing Big Tech companies and major retailers to issue their own private currencies structured as stablecoins. This bill shouldn’t pass without amendments preventing these risks.”
However, market observers have pointed out that Warren’s criticism and fears do not align with the bill’s provisions.
So, if a company like Amazon wanted to offer a stablecoin, it would likely need to set up a regulated financial entity or partner with an existing one.
