Meta (NASDAQ: META) is under fire again with Senator Elizabeth Warren as the company plans to roll out stablecoin features to billions of users.
Senator Warren shared her concerns that Meta’s stablecoin ambitions pose a threat to financial security. She has also been vocal about her criticism of the Trump administration’s involvement in the cryptocurrency industry.
Why is Elizabeth Warren investigating meta?
Sen. Elizabeth Warren (D-Mass.) is back to going after Meta and Mark Zuckerberg, just one week after the company quietly revived its long-dormant plans. Integrating stablecoin payments On Facebook.
The senator wrote a letter demanding answers, citing a “lack of transparency” and warning of “dangerous consequences” for the US financial system.
Warren has campaigned against Big Tech monopolies and what she calls “unbridled corporate greed,” especially with the involvement of the current Trump administration.
Last week, Meta launched a pilot program that allows a select group of creators in Colombia and the Philippines to receive payments in USDC, unlike its failed attempt in 2019 when it tried to create its own currency (Libra/Diem).
The software currently uses the Solana and Polygon blockchains to process payments. Reports indicate that Meta expects to expand this payment option to over 160 countries by the end of 2026.
In response to Warren’s letter, a Meta spokesperson put it bluntly Fortune said There is no meta-stablecoin, but the company wants its users, whether individuals or businesses, to be able to pay the way they want, “which may include through a third-party stablecoin.”
What is Senator Warren’s objection?
In her letter, Warren stated that stablecoin activity on Meta, which has a global user base in the billions, could have “serious implications for competition, privacy, the integrity of our payments system, and financial stability.”
The senator is specifically concerned about a repeat of the 2023 banking crisis, where the USDC briefly lost its peg to the dollar, trading as low as $0.88, following the Silicon Valley bank collapse.
Furthermore, Warren demands answers about where Meta fits into the CLARITY Act that Congress is currently debating. Cryptopolitan I mentioned Senate Banking Committee Chairman Tim Scott (R.S.C.) hopes to move the bill to a higher level this month.
Senator Warren is simultaneously conducting a separate but related investigation into the company’s hiring practices. On March 16, 2026, she sent letters to the CEOs of not only Meta, but also Amazon (NASDAQ: AMZN), Home Depot (NYSE: HD), Microsoft (NASDAQ: MSFT), Nike (NYSE: NKE), Target (NYSE: TGT), UPS (NYSE: UPS), and Verizon (NYSE: VZ), questioning the mass layoffs occurring despite the fact that these companies were generating massive profits and receiving Huge tax breaks. From President Trump’s “Big, Beautiful Bill.”
Warner He pointed out Amazon announced plans to lay off nearly 16,000 workers despite a 44.5% profit increase in 2025 and an 87% tax cut. About 15,000 Microsoft employees were also laid off despite the company having net income of more than $101 billion in 2025 and expecting a $12.5 billion tax cut.
Senator Warren is currently pushing the Clean Mergers Act, introduced with Senator Cory Booker in late April 2026, to resolve corporate mergers approved during Trump’s term that are estimated to be worth more than $10 billion if they hurt competition.
the next Reports The Trump-backed drone company, Powerus, has been awarded a contract with the Air Force. Warren wonders Why companies linked to Donald Trump Jr. (via 1789 Capital) have won more than $70 million in defense contracts since 2025.
She recently pressed Defense Secretary Pete Hegseth regarding allegations of insider trading related to betting markets during the Iran War.
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