Senator Elizabeth Warren, the panel's ranking Democrat, led her colleagues' objections against certain provisions of the bill, which she said marks "a clear threat to our national security" in its current form

GENIUS stablecoin act was criticized by some Democrat members of the Senate Banking Committee, led by Senator Elizabeth Warren for failing to protect consumers, competition, and potential threat to national security by allowing big tech firms to issue their own stablecoins that could compete with the U.S. dollar