
Elon Musk, Donald Trump, and their Big Tech and crypto cronies are pushing a reckless scheme that would allow them issue their own private currencies and five Senate Democrats just helped them take a giant step forward.
The so-called “GENIUS Act” would let billionaires like Musk launch loosely regulated stablecoins that stand to undermine our financial system, threaten national and economic security, and expose consumers to more fraud and surveillance. If passed, it would likely put our economy at risk while allowing tech moguls to profit off junk fees, shady scams, and financial chaos.
Americans for Financial Reform is fighting back but we’re up against some of the richest, most powerful people in the world. Musk, Trump, and the crypto industry are flooding Capitol Hill with lobbyists and throwing their weight around in the press. We need your help to hold the line.
Contribute to Americans for Financial Reform and fund the fight to block Musk’s crypto takeover and defend our financial system from Big Tech greed now.