INSUBCONTINENT EXCLUSIVE:
Update (June 11 at 10:50 pm UTC): This article has been updated to include a previous statement from Meta.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
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.Letters to Meta CEO Mark Zuckerberg from Senators Elizabeth Warren and
down amid widespread opposition from international regulators
In the letter, the senators expressed concern about US President Donald Trump issuing a waiver to Meta under the GENIUS Act, allowing the
letter followed reports suggesting that Meta was exploring the integration of stablecoin payments into its platforms, which include
Facebook, Instagram, Threads, Messenger and WhatsApp
project was unclear at the time of publication
the bill up for debate, additional amendments, and a possible vote in the full chamber
