On June 4th, U.S. Senator Elizabeth Warren revealed via social media that the Republican Party discreetly added a provision to the GENIUS Act exempting cryptocurrency wallets from regulation. This last-minute amendment has significant implications, as it reportedly facilitates the Trump family’s plan to launch their own cryptocurrency wallet. Senator Warren emphasized her commitment to introducing an amendment aimed at closing this regulatory gap, underscoring the necessity for stringent anti-corruption measures within the legislation. She further asserted that the bill’s passage hinges on the inclusion of robust safeguards to ensure transparency and accountability in the crypto sector. This development highlights ongoing legislative challenges in regulating digital assets and the critical role of policy oversight in maintaining market integrity.
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