Lawmakers asked Mark Zuckerberg whether Meta had had any influence on the GENIUS stablecoin bill and its plans to potentially issue its own digital currency.
With the US Senate expected to vote on legislation to regulate payment stablecoins soon, two senators called on Meta CEO Mark Zuckerberg to answer questions about the company’s potential plans to introduce another stablecoin.
In a Wednesday letter to Zuckerberg, Senators Elizabeth Warren and Richard Blumenthal said it was “more critical than ever that Congress and the public fully understand the extent of Meta’s plans” for stablecoins, given the size of the tech company and the expected vote on the GENIUS Act in the Senate.
The two lawmakers asked the CEO to provide information on any companies with which Meta may have consulted regarding stablecoins in 2025 and any influence it may have had on the stablecoin bill in the Senate.
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