Overview
- In a Sunday MSNBC interview, Warren said U.S. crypto laws supercharge President Trump’s corruption and leave the economy vulnerable to illicit finance
- She called for explicit bans on elected officials trading or advising in crypto to close loopholes in the GENIUS Act and upcoming market-structure rules
- The GENIUS Act, signed by President Trump in July, requires full-reserve stablecoins and monthly disclosures but omits binding ethics and anti-money laundering provisions
- Warren cautioned that the pending CLARITY Act and Anti-CBDC legislation remain too permissive on industry lobbying and offer insufficient consumer protection
- Critics point to the Trump family’s ties to ventures like World Liberty Financial and a $2 billion UAE-backed stablecoin deal as justification for stricter conflict-of-interest measures