Kevin O’Leary spoke back Monday to U.S. Senator Elizabeth Warren’s (D-MA) newest attacks on the Senate’s stablecoin invoice, rejecting her claims as “entirely deranged” and warning that politicizing the legislation could furthermore undermine the U.S.’s put in world finance.
“She’s complicated politics with progress, and this time, it goes to furthermore value The US dearly,” the Shark Tank investor and entrepreneur tweeted Monday. He added that, “This invoice has nothing to originate with Trump or meme money.”
Elizabeth Warren is at it again… She’s complicated politics with progress, and this time, it goes to furthermore value The US dearly. Her newest rant? She’s calling stablecoin legislation a “Trump product.” That’s no longer appropriate corrupt. It’s dreadful. This invoice has nothing to originate with Trump or meme… pic.twitter.com/rZmlNBXL18
— Kevin O’Leary aka Mr. Improbable (@kevinolearytv) Could maybe maybe 20, 2025
O’Leary was referring to the GENIUS Act, a bipartisan invoice that cleared a key procedural hurdle Monday night after days of uncertainty.
If handed, it would fabricate the important thing U.S. regulatory framework for issuing stablecoins, digital resources customarily pegged to the U.S. buck and extinct in crypto trading and funds.
O’Leary accused Warren of injecting partisanship into what he described as a an critical modernization of the monetary machine, while speaking on The Hill thru NewsNation.
“What she’s doing staunch now is un-American,” the Canadian businessman talked about, at the side of that, “She’s making an are attempting to tie this invoice to Trump.”
“She no longer handiest has Trump derangement syndrome—she has crypto derangement syndrome,” O’Leary talked about.
Warren vs the GENIUS Act
The GENIUS Act regarded stalled earlier this month after failing a cloture vote, with several Senate Democrats voicing concerns over doable conflicts of curiosity appealing President Donald Trump and his family.
A revised draft final week resolved some concerns, prompting key Democrats to return earlier than a imaginable floor vote Tuesday.
Warren has spent weeks opposing the invoice, accusing lawmakers of “greenlighting the grift” over a $2B MGX-Binance deal appealing Trump-linked stablecoin USD1.
“For the important thing time in American historic past, this invoice will make our president—Donald Trump—the regulator of his non-public monetary product,” Warren later talked about in her Senate speech on Monday.
The most modern draft restricts stablecoin exercise by senior officers nonetheless exempts the president and vice chairman, an exception Warren says could furthermore enable corruption.
O’Leary sees it in a different contrivance, calling the invoice a strategic opportunity to give a enhance to the buck’s world characteristic.
Here is a digital fee machine that establishes the U.S. buck as a default currency across the realm for rate discovery on every commodity on earth,” he talked about. “Why wouldn’t every American desire that?”
The entrepreneur warned that Warren’s stance could furthermore “stymie American skills” and called the GENIUS Act “of project to pass forward a skills” a will have to to find for businesses of all sizes.
As soon as a vocal Bitcoin skeptic who called it “garbage” in 2019, O’Leary reversed course in 2021, citing institutional adoption, and commenced actively investing in crypto resources.
