Stuart Alderoty, legal director of the Blockchain Enterprise Ripple company, recently targeted To the Senator of Massachusetts, Elizabeth Warren, for opposing the key legislation of the stables.
Alderoty says that Warren's “war against cryptography” is “consumed” because it argues against the bill which, according to him, is supposed to protect users from Stablecoin.
Warren, however, is convinced that the bill will facilitate corruption, arguing that the Senate should not adopt it.
“Right now, the Senate is going to Greenlight The Groft by passing the so-called Genius Act next week,” she said.
As reported by U.TODAY, some Pro-Crypto Democrats have now changed their melody on the bill, endangering its adoption. The head of the Senate minority, Chuck Schumer, is particularly concerned about Tether.
Warren, an ardent opponent of the cryptocurrency industry, initially launched cold water on the idea of ​​passing the legislation on stables last August. The senator, who is considered one of the leaders of the progressive movement within the Democratic Party, said that efforts to fold the Sabecoins more deeply in the banking sector using regulatory frameworks could in fact amplify risks.
Multiple amendments to the genius Act proposed by Warren and some other Democrats have not succeeded.
The Republicans intended to obtain a full vote from the Senate for the bill before the Memorial Day, but it is not clear if it will be able to obtain 60 votes to overcome a flibustier now that certain Democrats reconcile their support under pressure from the anti-Crypto faction of their party.
