So, the US Senate is gearing up for a vote on some serious stablecoin regulations, and guess who’s in the hot seat? Yep, our favorite tech mogul, Mark Zuckerberg! 📅 In a letter that’s probably longer than my last relationship, Senators Elizabeth Warren and Richard Blumenthal are demanding answers about Meta’s plans to unleash yet another stablecoin. Because, you know, one just isn’t enough! 🙄
They’re all like, “Hey Mark, we need to know what you’re up to!” It’s like they’re trying to figure out if he’s planning to take over the world or just sell us more cat memes. 🐱💻 The senators are particularly concerned about how Meta might be consulting with other companies about stablecoins in 2025. Spoiler alert: it’s probably not for a bake sale! 🍰
And let’s not forget the ghost of stablecoins past! Warren and Blumenthal brought up Facebook’s failed Libra and Diem projects, which were shut down faster than you can say “regulatory nightmare.” 😱 They’re worried that if President Trump gives Meta a free pass under the GENIUS Act, it could be like giving a toddler a box of chocolates—chaos guaranteed! 🍫
“If Meta gets its own stablecoin, they could snoop on our transactions like a nosy neighbor,” the senators warned. “Imagine the data they’d collect! It’s like they’d have a VIP pass to our shopping habits and secrets!” 🕵️♂️💸
Rumor has it that Meta is looking to integrate stablecoin payments across its platforms—Facebook, Instagram, Threads, Messenger, and WhatsApp. Because who wouldn’t want to pay for their avocado toast with a digital coin? 🥑💳 But will they partner with Tether or Circle, or are they cooking up their own scheme? The suspense is killing me! 😅
This is a developing story, so stay tuned for more updates. Who knows what Meta will do next? Maybe they’ll start selling stablecoin-flavored ice cream! 🍦
Read More
2025-06-11 22:50