Senator Elizabeth Warren has voiced strong criticism of the stablecoin bill signed by President Trump in July, known as the GENIUS Act. Warren highlighted significant concerns regarding regulatory gaps, conflicts of interest, and consumer risks associated with stablecoins, particularly those linked to Trump. She pointed to the accidental minting of $3 trillion worth of PYUSD tokens by Paxos as a clear example of operational risks. Warren is calling for the Treasury to implement safeguards to prevent financial instability and illicit financing. Her comments come amid ongoing bipartisan negotiations aimed at establishing a comprehensive framework for the broader cryptocurrency market.