Kevin O'Leary Criticizes Elizabeth Warren as 'Un-American' for Opposing the Genius Act

Uk Jin

Summary

Kevin O'Leary criticized Elizabeth Warren for opposing the stablecoin bill 'Genius Act.'
He pointed out that Warren's opposition could threaten America's financial hegemony.
Kevin O'Leary explained that the bill is unrelated to President Trump and aims to secure financial hegemony by regulating the digital payment system.

Kevin O'Leary, known as a Shark Tank participant and famous investor, has voiced strong criticism against Democratic Senator Elizabeth Warren for opposing the stablecoin (a virtual asset linked to the value of fiat currency) bill known as the 'Genius Act.'

On the 20th (local time), Kevin O'Leary stated on his X (formerly Twitter), "Elizabeth Warren is at it again," adding, "She is confusing politics with progress. This could pose a significant threat to America."

Previously, Senator Warren opposed the Genius Act due to its association with stablecoin USDI1 linked to President Donald Trump and Binance's $2 billion MGX transaction. Warren criticized, "This bill fails to control the President's cryptocurrency corruption," and added, "It rather expands the stablecoin market, creating a situation where Trump directly regulates his financial products."

In response, Kevin O'Leary pointed out, "Warren is currently calling the stablecoin bill a Trump product," adding, "This is wrong and dangerous." He further explained, "The Genius Act has nothing to do with President Trump or meme coins," and "It aims to secure America's financial hegemony by regulating the digital payment system."