📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
U.S. Senator Warren: The "GENIUS Act" may allow tech giants to issue stablecoins that circumvent banking regulations.
Gate News bot message, U.S. Senator Elizabeth Warren urged Congress to amend the GENIUS Act and warned that the bill could allow tech billionaires to issue private Digital Money. She is concerned that these stablecoins might track consumer purchasing behavior, collect personal data, and crowd out smaller competitors.
After discussions emerged about major companies like Amazon and Walmart considering launching their own stablecoins, Senator Warren publicly responded. In a series of X posts, she warned that without appropriate amendments, the GENIUS Act would create loopholes for large companies and the wealthy, allowing them to introduce private currencies that can operate outside of existing banking regulations.
Warren wrote on his official account: "If Congress does not amend the GENIUS Act, billionaires like Elon Musk and Jeff Bezos may launch stablecoins that track your purchasing behavior, exploit your data, and squeeze out competitors."
She also warned that if these Digital Money fail, their creators may ask taxpayers to fund a bailout.
Source: CoinGape