Senator Warren proposed strict regulations on stablecoin issuers, leading to opposition and highlighting need for caution.

From Cointelegraph

June 18, 2025 11:00 AM:

In 2021, Senator Elizabeth Warren and SEC enforcer Gary Gensler targeted the crypto industry with lawsuits and heavy-handed legislation, including the DeFi Broker Rule under the IIJA, requiring protocols to collect wallet holder information.
The DeFi Broker Rule, part of Gensler’s crusade, was abandoned despite efforts to narrow its scope, relieving node operators from collecting millions of wallet holders’ data.
Warren’s focus shifted to the GENIUS Act, proposing stringent regulations on stablecoin issuers, including monitoring all downstream transactions, sparking opposition and highlighting the need for measured approaches.
Warren’s regulatory efforts aimed at preserving power inadvertently exposed institutional maneuvers, showcasing the importance of the crypto community staying vigilant and informed against heavy-handed regulations.

Read more at Cointelegraph: The GENIUS Act Marked A Watershed Moment For Stablecoins