Zuckerberg’s Digital Dollar Dreams for Meta Just Got a Senate Reality Check

Two of the Senate’s fiercest tech watchdogs are demanding answers from Mark Zuckerberg — again. But this time, it’s not about privacy breaches or content moderation. It’s about power. Specifically, the power to mint money.

As the Senate races toward a vote on the GENIUS Act, which would regulate payment stablecoins in the U.S., Senators Elizabeth Warren and Richard Blumenthal are pressing Meta (META) over concerns the company could exploit a political loophole to quietly re-enter the digital currency game.

Senators Demand Clarity on Meta’s Influence

In a direct letter to Zuckerberg, Warren and Blumenthal asked if Meta had consulted with lawmakers or lobbyists while the stablecoin bill was being drafted. They also want to know if Meta has plans to issue its own token — a move that would mark a resurrection of its long-abandoned Diem project.

They made the stakes clear: “It is more critical than ever that Congress and the public fully understand the extent of Meta’s plans.”

The underlying fear? That the GENIUS Act, even before being signed into law, could be shaped in ways favorable to Big Tech. Especially if Trump’s expected waivers give Meta a greenlight other stablecoin issuers won’t get.

The Diem Ghost Still Haunts

Meta has said “no Meta stablecoin” — that was the message from spokesperson Andy Stone in May. But that’s not enough to silence lawmakers, especially given the company’s track record.

“Facebook’s Diem project didn’t die on technical grounds,” one Hill insider noted. “It was smothered politically because nobody wanted Zuckerberg in control of a global payments rail.”

Warren and Blumenthal echoed that fear. They warned that if Meta controls a stablecoin again, the data it collects from billions of users across Facebook, Instagram, WhatsApp, and Messenger could be weaponized into surveillance capitalism — turbocharged.

Trump’s Role Adds Fuel to the Fire

At the heart of the concern is a Trump-linked clause in the GENIUS Act. If passed, the bill would allow the President to grant certain waivers to stablecoin issuers — waivers that could exempt platforms like Meta from regulatory constraints.

Warren’s office said: “This sets a dangerous precedent where political influence, not public interest, dictates who gets to issue digital money.”

This comes as Trump is reportedly backing World Liberty Financial, a crypto platform with ties to his inner circle. The potential for favoritism has sparked outrage among Democrats, who fear the stablecoin bill could become a Trojan horse for political favors.

What This Means for the Crypto Market

Even if Meta doesn’t launch its own stablecoin, its potential entrance into payments would upend the sector. Billions of users, integrated messaging apps, and massive financial reach make Meta a top contender to dominate retail stablecoin usage overnight — if allowed.

If Meta leans on existing tokens like USDC or USDT, that could accelerate stablecoin adoption but concentrate power in unsettling ways. If it issues its own coin under a Trump-era waiver, expect a regulatory firestorm and market disruption.

Is META a Good Stock to Buy Now?

Wall Street analysts hold a powerful “Strong Buy” consensus rating for Meta Platforms (META). This overwhelming optimism stems from 46 analyst ratings collected over the past three months. A commanding 42 analysts recommend a Buy, while just 3 advise a Hold, and a mere 1 suggests a Sell.

The average price target for Meta stock sits at $698.07. This implies a modest 0.6% upside from its last trading price of $694.14.

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