Shark Tank's Kevin O’Leary Says Warren Wrong to 'Tie' Stablecoin Bill to Trump
Kevin O’Leary criticized Senator Elizabeth Warren's opposition to the Senate’s stablecoin bill, labeling her claims as “completely deranged.” He warned that politicizing the legislation could harm the U.S.'s global financial standing. O’Leary emphasized that the GENIUS Act, which aims to establish a regulatory framework for stablecoins, is not linked to Trump or meme coins. The bill recently overcame procedural hurdles after initial setbacks due to concerns over potential conflicts of interest involving Trump. Warren accused the bill of enabling corruption by exempting the president and vice president from restrictions on stablecoin activities. O’Leary defended the bill as a strategic opportunity to enhance the U.S. dollar's global role and criticized Warren for potentially hindering American technological progress. He highlighted the importance of the GENIUS Act for businesses and the financial system.
