According to Odaily Planet Daily, US Senator Elizabeth Warren warned that stablecoins pose risks to the banking system and national security. The stablecoin bill passed the House Financial Services Committee in the summer, but was deadlocked due to bipartisan disputes. Warren urged members of the House of Representatives to be aware of the significance of these risks when considering proposals to regulate stablecoins, and to avoid introducing stablecoin legislation that could trigger another financial crisis. In addition, Warren also mentioned the use of stablecoins in illegal financial activities, citing a report from the US Treasury Department on the increased use of stablecoins in terrorist financing.
