US Senator Warren warns that if the stablecoin bill is passed, Musk's X platform may quickly launch 'X currency', and regulatory efforts may be insufficient. On Thursday, the Senate Banking Committee reviewed the GENIUS Act, which establishes a regulatory framework for stablecoins pegged to the US dollar. Tether's market value has exceeded 140 billion yuan. Supporters claim that this can consolidate the position of the US dollar, while opponents are concerned about money laundering risks and economic stability. On the cryptocurrency side, if Musk really enters the stablecoin market, Dogecoin players may have to collectively look up at the moon. With the support of interest rate cuts in the US stock market, we can only hope not to follow the trend and get hit again. BTC Crypto