Senator Warren Opposes GENIUS Act Over Trump-Linked Stablecoin Deal

By: cryptosheadlines|2025/05/05 20:00:08
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Senator Warren opposes the GENIUS Act over concerns linked to the Trump-backed USD1 stablecoin deal.Ten senators withdrew support after claims the bill lacks strong money laundering and security protections.WLFI paused USD1 exchange listing plans as it waits for clear regulatory direction on the GENIUS Act.US Senator Elizabeth Warren has raised opposition to the GENIUS Act, citing concerns over financial gains tied to a Trump-backed stablecoin. The legislation, once supported across party lines, now faces growing resistance in the Senate.The Trump family stablecoin surged to 7th largest in the world because of a shady crypto deal with the United Arab Emirates—a foreign government that will give them a crazy amount of money.The Senate shouldn’t pass a crypto bill this week to facilitate this kind of corruption. pic.twitter.com/4is9KgpXQb— Elizabeth Warren (@SenWarren) May 4, 2025The bill, officially known as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, seeks to regulate stablecoins across the US. However, its link to the USD1 stablecoin has stirred controversy. Critics say the legislation could create unfair advantages for Trump-linked financial entities.USD1 Stablecoin Deal Draws ScrutinyAt the center of the controversy is World Liberty Financial (WLFI), a firm backing USD1. WLFI recently entered a deal with UAE-based firm MGX. This arrangement reportedly relies on the USD1 stablecoin to finalize a $2 billion investment through Binance. The partnership caused a spike in USD1’s trading volumes and market cap.Senator Warren raised concerns about this arrangement, noting the possibility of an unjust financial benefit. According to her office, the deal may create loopholes in financial transparency and enforcement. She also warned of potential national security risks due to limited anti-money laundering provisions in the bill.Senators Withdraw Support Ahead of House VoteTen senators have withdrawn their support following Warren’s objections. They cited the bill’s failure to include clear safeguards on money laundering and foreign interference. This shift in opinion now threatens the bill’s prospects in the House of Representatives.Despite this, the Trump administration had previously expressed high confidence in the GENIUS Act. Officials expected the bill to pass before the end of May. However, growing pushback from lawmakers has slowed its momentum.WLFI Pauses USD1 Exchange PlansWLFI is now pausing its plans to list USD1 on centralized exchanges. Reports suggest the firm is waiting for clarity before moving forward with its roadmap. The delay could impact USD1’s efforts to challenge Tether, which remains the dominant stablecoin in the market.Lawmakers are now under pressure to review the bill’s implications before the House vote. With support dwindling, the future of the GENIUS Act remains uncertain. The Trump administration may face added challenges in pushing the legislation through without significant amendments.Source link

You may also like

AI within artillery range

“The cloud” is a metaphor, but the data center isn’t.

March 4th Market Key Intelligence, How Much Did You Miss?

1. On-chain Flows: $39.6M USD inflow to Hyperliquid today; $29.7M USD outflow from Base 2. Largest Price Swings: $EDGE, $POWER 3. Top News: Altman defends Pentagon deal at all-hands, calls backlash "really painful"; OpenAI also seeking NATO contracts

Taking Stock of Crypto's Washington Power Players: Who is Advocating for US Crypto Regulation?

These institutions have jointly defined the industry's underlying values, marking the U.S. crypto industry's shift to a "professionalized, ecological, and refined" era of policy gamesmanship.

DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


Uncovering YZi Labs 229 Investment: Over 18% of the portfolio is already inactive, with an average project transparency score of 78

In terms of strategic direction, YZi Labs has begun to extend into areas such as AI and stablecoins, but overall it is still in the layout and validation stage.

The business of crypto VC is becoming promising

Homogenized industries are ultimately fragile; only when different species can emerge does the market truly come alive.

Popular coins

Latest Crypto News

Read more