As the US senator expected to vote for the law to quickly regulate payment stability, the two senators asked meta CEO Mark Zuckerberg to answer questions about the potential plans for a company that will introduce another stubcoin.
“It’s more important than ever to have a full understanding of the scope of Stubcoin’s meta plan given the size of the tech company and the predicted vote on the Senate Genius Act.”
The two lawmakers asked CEOs to provide information about companies that META consulted about Stablecoins in 2025, as well as information about companies that may have been given to the Senate Stablecoin Bill.
In particular, Warren and Blumenthal raised the Facebook Libra and Diem Stablecoin project. In the letter, the senator expressed concern about US President Donald Trump issuing exemptions to meta under the Genius Act and allowing “side step” regulations imposed on other Stablecoin publishers.
“If Meta controlled its own Stablecoin, the company could further pry out consumer transactions and commercial activities,” the senator wrote. “The vast amount of consumer data it ingests can help monetize sensitive personal information through metafuel monitoring pricing schemes on the platform, more intrusive targeted ads, or sales to third-party data brokers.”
The letter followed reports suggesting that Meta is investigating the integration of Stablecoin Payments into platforms such as Facebook, Instagram, Threads, Messenger, WhatsApp and more. It was unclear whether the company could use Stablecoin from publishers like Tether or Circle (such as USDT and USDC), or pursuing its own projects upon publication.
Related: Meta’s Stablecoin project’s death was “100% political murder” – former Diem boss
This is a developing story, and more information will be added as it becomes available.
