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In a recent committee session, various amendments were proposed and debated, displaying the intrinsic political dynamics behind the legislative process. Warren expressed deep concerns about the potential misuse of stablecoins for financing terrorism and other illicit activities, framing them as a significant threat. Her dramatic presentation about the dark side of stablecoin usage argues that the legislation could inadvertently enable criminal enterprises, from drug trafficking to child exploitation.
"This bill will supercharge the financing of terrorism...Stable coins, the new Kingpin of illicit crypto activity," Warren stated, calling for a vote against the proposed bill.