Warren Warns GENIUS Act Creates Fraud Risks with Crypto Mortgage Loophole
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最新报道：Senator Elizabeth Warren warns that the proposed "Genius Act" could create fraud risks by allowing crypto assets to be used as collateral for mortgage loans. She argues the bill's loopholes might enable bad actors to exploit the system, potentially harming consumers and destabilizing financial markets. Warren urges lawmakers to strengthen oversight provisions before passing the legislation, citing concerns over inadequate safeguards against money laundering and fraud in crypto-backed mortgages. The bill's supporters claim it promotes innovation by expanding access to home financing through digital assets.
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